Prayvine

Analysis

Prayvine is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 2014, 12 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, Prayvine reported income of $221k and spending of $183k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $335k to $221k (-34%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prayvine sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Uptime Outreach ($221k), Cityforce Inc ($221k) and Daniel Foundation ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $114k (62% of expenses). At year end it held assets of $178k against liabilities of $3,114, net assets of $175k.