Praying Effectively for the Lost Ministries Inc

Analysis

Praying Effectively for the Lost Ministries Inc is a registered charity in United States, based in Sulphur, LA. It received its IRS tax-exemption ruling in April 2006, 20 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, Praying Effectively for the Lost Ministries Inc reported income of $177k and spending of $162k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $177k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. 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, Praying Effectively for the Lost Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include 99 Plus 1 ($177k), Burning Hope Ministries ($177k) and Diocesan Investment Trust of the Diocese of Los Angeles ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (47% of expenses). At year end it held assets of $96k against liabilities of $22k, net assets of $74k. It reported 1 employees.