Praxis Ministries

Analysis

Praxis Ministries is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in May 2018, 8 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, Praxis Ministries reported income of $874k and spending of $844k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $347k to $874k (+152%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Praxis Ministries sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Islamic Ahlul Bayt Association of the Triangle ($873k), Fa Yun Chan Temple ($874k) and Vision Presbyterian Church ($872k).

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 $71k (8.4% of expenses). Other salaries and wages came to $258k. At year end it held assets of $253k against liabilities of $13k, net assets of $239k. It reported 11 employees.