Charlottes Web of Prayer Inc

Analysis

Charlottes Web of Prayer Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Charlottes Web of Prayer Inc reported income of $74k and spending of $83k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $74k (+14%), an average of +14% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlottes Web of Prayer Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Ike Foundation for Autism Inc ($74k), National Association of Negro Buiness & Professional Womens C ($74k) and A C & Lillian D Bulla Memorial Foundation Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.