Charismatic Renewal Ministries Praise Center

Analysis

Charismatic Renewal Ministries Praise Center is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 2011, 15 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 2022, Charismatic Renewal Ministries Praise Center reported income of $82k and spending of $83k, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $72k to $82k (+15%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charismatic Renewal Ministries Praise Center sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include All Nations for Jesus Christ Inc ($82k), Living in the Light Ministries ($82k) and Gracebridge Alliance Inc ($82k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.