Praise International Worship Church

Analysis

Praise International Worship Church is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2018, Praise International Worship Church reported income of $120k and spending of $72k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2017 to December 2018, income fell from $195k to $120k (-38%), an average of -38% a year. The sharpest change came in the year to December 2018, when income dropped by 38%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Praise International Worship Church sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Iglesia Cristiana Emanuel Inc ($120k), Long Beach Khmer Krom Buddhist Organization Inc ($121k) and Ministry Leadership Initiative ($120k).

On its Form 990 for the period ending December 2018, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (28% of expenses). At year end it held assets of $97k against liabilities of $48k, net assets of $48k.