Concerts of Prayer International Inc

Analysis

Concerts of Prayer International Inc is a registered charity in United States, based in New Providnce, NJ. It received its IRS tax-exemption ruling in May 1994, 32 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, Concerts of Prayer International Inc reported income of $300k and spending of $258k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $300k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Concerts of Prayer International Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Isaiah 43 19 Project ($300k), Creation Moments Inc ($300k) and Grace Haven Biblical Renewalministries Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $153k (59% of expenses). At year end it held assets of $172k against liabilities of $33k, net assets of $139k. It reported 2 employees.