Chicago Praise Ministries

Analysis

Chicago Praise Ministries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Chicago Praise Ministries reported income of $61k and spending of $62k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $61k (+10%), an average of +10% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Praise Ministries sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include The Ghent Playhouse Inc ($61k), Essex County Arts Council Inc ($61k) and The Columns Tippah County Interpretive Center ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,474 against liabilities of $0, net assets of $1,474.