Mantle of Praise Ministries Incorporated

Analysis

Mantle of Praise Ministries Incorporated is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, Mantle of Praise Ministries Incorporated reported income of $116k and spending of $143k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $116k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mantle of Praise Ministries Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($116k), Storyline ($116k) and PTA Georgia Congress ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.