Institute of Counseling Prayer

Analysis

Institute of Counseling Prayer is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in September 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, Institute of Counseling Prayer reported income of $194k and spending of $190k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $194k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Counseling Prayer sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include Hatteras Village Civic Association Inc ($194k), Care House Life Ministries ($194k) and Thomas Jefferson High School for Science & Technology Crew Booster ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $50k against liabilities of $68k, net assets of -$19k.