Practice Ministries

Analysis

Practice Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Practice Ministries reported income of $311k and spending of $289k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $311k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Practice Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Harvest of Asher USA ($311k), Tanaka ($311k) and Zeteo Community Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $92k (32% of expenses). Other salaries and wages came to $91k. At year end it held assets of $489k against liabilities of $2,543, net assets of $486k. It reported 2 employees.