Chattanooga House of Prayer

Analysis

Chattanooga House of Prayer is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 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 (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, Chattanooga House of Prayer reported income of $474k and spending of $453k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $474k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chattanooga House of Prayer sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include My Fathers Reputation ($474k), Ex Nihilo Out of Nothing Inc ($474k) and Mukti Mission Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $83k (18% of expenses). Other salaries and wages came to $201k. At year end it held assets of $623k against liabilities of $303k, net assets of $320k. It reported 11 employees.