Pray Love Unite Ministries Incorporated

Analysis

Pray Love Unite Ministries Incorporated is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in May 2015, 11 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, Pray Love Unite Ministries Incorporated reported income of $306k and spending of $270k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $250k to $306k (+22%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pray Love Unite Ministries Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Reach Ministries International ($306k), Faith Christian Ministries of Nash County ($306k) and Toledo Muslim Community Center ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (34% of expenses). Other salaries and wages came to $10k. At year end it held assets of $346k against liabilities of $152k, net assets of $194k. It reported 5 employees.