Praying Friends of the Bridegroom

Analysis

Praying Friends of the Bridegroom is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Praying Friends of the Bridegroom reported income of $118k and spending of $83k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $140k to $118k (-16%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Praying Friends of the Bridegroom sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Parish Resource Center of Long Island ($118k), Equippers Network International NFP ($118k) and Marys Hands ($118k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.