Praying Hands Ranches Inc

Analysis

Praying Hands Ranches Inc is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in August 1987, 39 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, Praying Hands Ranches Inc reported income of $455k and spending of $483k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $455k (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Praying Hands Ranches Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Kennewick Christian School ($455k), Boy Scout Camp Trust Created Under the Will of Lewis E Phillips ($455k) and Philadelphia Elks Center of the Improved Benevolent Protective Ord ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $21k. At year end it held assets of $260k against liabilities of $7,236, net assets of $253k. It reported 6 employees.