People of Praise of New York Inc

Analysis

People of Praise of New York Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, People of Praise of New York Inc reported income of $129k and spending of $129k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $129k to $129k (-0.5%), an average of -0.5% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, People of Praise of New York Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Lifestream Charities Inc ($129k), Hospitality Project Inc ($129k) and Worknet Inc ($129k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.