Community Church of Praise

Analysis

Community Church of Praise is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Community Church of Praise reported income of $121k and spending of $99k, spending 82% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $89k to $121k (+36%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Community Church of Praise sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Israel Support Fund ($121k), Healing Touch Ministries Inc ($121k) and Event Evangelism Inc ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $430k against liabilities of $343k, net assets of $87k.