Power of Worship Ministries

Analysis

Power of Worship Ministries is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in April 2012, 14 years ago. 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, Power of Worship Ministries reported income of $125k and spending of $88k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $117k to $125k (+6.8%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Power of Worship Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Y-City Midget Baseball League Inc ($125k), Izaak Walton League of America Inc ($125k) and Little League Baseball Inc ($125k).

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 $16k (19% of expenses). Other salaries and wages came to $8,018. At year end it held assets of $0 against liabilities of $0, net assets of $0.