Prayer Watch Temple Ministries International Inc

Analysis

Prayer Watch Temple Ministries International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prayer Watch Temple Ministries International Inc reported income of $171k and spending of $178k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $171k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prayer Watch Temple Ministries International Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include St Stephens Charitable Endowment ($171k), Kambo Casita Inc ($171k) and New Wineskins Ministries Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (10% of expenses). Other salaries and wages came to $8,775. At year end it held assets of $1.3m against liabilities of $583k, net assets of $715k. It reported 2 employees.