Power of Prayer Inc

Analysis

Power of Prayer Inc is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in May 1977, 49 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 July 2023, Power of Prayer Inc reported income of $55k and spending of $63k, spending 115% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $47k to $55k (+16%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Power of Prayer Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Lighthouse Prison Ministries Inc ($55k), Loveunited ($55k) and Ike and Cindy Cool Ministries Inc ($55k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.