Prepare Ministries

Analysis

Prepare Ministries is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in March 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 December 2023, Prepare Ministries reported income of $232k and spending of $145k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $255k to $232k (-8.9%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prepare Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Ecumenical Community of Chautauqua Inc ($232k), Bell Islamic Center ($232k) and Gathering of Northwest Indiana Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $49k (34% of expenses). Other salaries and wages came to $12k. At year end it held assets of $905k against liabilities of $37k, net assets of $868k. It reported 2 employees.