Derek Prince Ministries

Analysis

Derek Prince Ministries is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1993, 33 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 September 2024, Derek Prince Ministries reported income of $4.6m and spending of $4.9m, spending 106% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $3.5m to $4.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Derek Prince Ministries sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Youngstown Area Jewish Foundation ($4.6m), Jesus for Asia Inc ($4.6m) and Enlace Christian Television Inc ($4.6m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $348k (7.1% of expenses). Other salaries and wages came to $914k. At year end it held assets of $6.7m against liabilities of $164k, net assets of $6.5m. It reported 23 employees.