Practice Collective

Analysis

Practice Collective is a registered charity in United States, based in Leander, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Practice Collective reported income of $184k and spending of $156k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $184k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Practice Collective sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Walkchalk Salem Baptist Church ($184k), Bridge Christian Fellowship ($184k) and Iglesia Roca Eterna ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.