Americas Prayer Network Inc

Analysis

Americas Prayer Network Inc is a registered charity in United States, based in Milford, VA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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, Americas Prayer Network Inc reported income of $397k and spending of $394k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $889k to $397k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Americas Prayer Network Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Indianapolis Suzuki Academy Inc ($397k), Lewiston Civic Theatre Inc ($397k) and Vida Ministries Incorporated ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $27k. At year end it held assets of $96k against liabilities of $0, net assets of $96k. It reported 1 employees.