Missionaries of Prayer

Analysis

Missionaries of Prayer is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 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, Missionaries of Prayer reported income of $132k and spending of $132k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $125k to $132k (+6.0%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Missionaries of Prayer sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Ministry Baptist Church of the Living Word Inc ($132k), Choose Different Media ($132k) and New Hope Peninsula Ministries ($132k).

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 $35k (26% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.