Hollywood Prayer Network Inc

Analysis

Hollywood Prayer Network Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 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, Hollywood Prayer Network Inc reported income of $347k and spending of $367k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $347k (+38%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 629%. Over the whole period it spent 37% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hollywood Prayer Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Ucb International Ministries ($347k), Islamic Community Center Inc ($347k) and Catholic Mission Trips Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.8m against liabilities of $2,687, net assets of $1.8m. It reported 7 employees.