Praise Broadcasting Network Inc

Analysis

Praise Broadcasting Network Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in August 1992, 34 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, Praise Broadcasting Network Inc reported income of $50k and spending of $43k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $54k to $50k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Praise Broadcasting Network Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include PTA New York Congress ($50k), Cosmopolitan Club of Roanoke Foundation Incorporated ($50k) and Virginia Congress of Parents and Teachers ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $22k, net assets of $23k.