Light of the World Prayer Center

Analysis

Light of the World Prayer Center is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Light of the World Prayer Center reported income of $237k and spending of $253k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $237k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. 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, Light of the World Prayer Center 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 WA. Charities of a similar size with the same main cause include Limestone County Churches Involvedinc ($237k), Rick Pina Ministries Incorporated ($237k) and Agape Source Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $85k (34% of expenses). Other salaries and wages came to $53k. At year end it held assets of $48k against liabilities of $8,770, net assets of $40k. It reported 3 employees.