League of Prayer Inc

Analysis

League of Prayer Inc is a registered charity in United States, based in Prattville, AL. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, League of Prayer Inc reported income of $1.0m and spending of $937k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.0m (-67%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, League of Prayer Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include USA Swimming Inc ($1.0m), Independent Living Resources Inc ($1.0m) and The Educational Foundation of the Florida Restaurant & Lodging Assoc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $220k (23% of expenses). At year end it held assets of $15.2m against liabilities of $1,710, net assets of $15.2m. It reported 3 employees.