Celebration of Praise Ministries

Analysis

Celebration of Praise Ministries is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Celebration of Praise Ministries reported income of $118k and spending of $118k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $118k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Celebration of Praise Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within GA. Charities of a similar size with the same main cause include Uniting 2 Serve Inc ($118k), Bethel-Purim ($118k) and Mekane Hiwet Eyesus Eritrean Orthodox Tewahdo Church ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.