Prayer Mentor Inc

Analysis

Prayer Mentor Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in February 2009, 17 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, Prayer Mentor Inc reported income of $180k and spending of $161k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $180k (+21%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 21%. 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, Prayer Mentor Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Hands to the Plow Inc ($180k), Matthew2540 ($180k) and Recentered-Life ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.