Praise Communications Inc

Analysis

Praise Communications Inc is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in August 1984, 42 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, Praise Communications Inc reported income of $286k and spending of $271k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $286k (+2.6%), an average of +0.6% a year. 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, Praise Communications Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Friends for Survival ($286k), Val a Browning Concert Endowment Fund for Dixie College ($286k) and Utah Golf Foundation ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $65k (24% of expenses). Other salaries and wages came to $34k. At year end it held assets of $78k against liabilities of $36k, net assets of $42k. It reported 5 employees.