Prepare International Inc

Analysis

Prepare International Inc is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Prepare International Inc reported income of $423k and spending of $377k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $423k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prepare International Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include John Ed Mathison Leadership Ministries ($422k), Temple Beit Hayam Foundation Inc ($423k) and Noor Islamic & Cultural Community Center ($422k).

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 $39k (10% of expenses). Other salaries and wages came to $38k. At year end it held assets of $123k against liabilities of $0, net assets of $123k.