The Prayer Institute

Analysis

The Prayer Institute is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1996, 30 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 2022, The Prayer Institute reported income of $227k and spending of $352k, spending 155% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $451k to $227k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Prayer Institute sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include A4one ($227k), Oak Tree Ministry a NJ Nonprofit Corporation ($227k) and Brooklyn Queens Long Island Knanaya Catholic Mission Inc ($227k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $90k (26% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.0m against liabilities of $69k, net assets of $943k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.