Prepare International

Analysis

Prepare International is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 2005, 21 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, Prepare International reported income of $1.3m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prepare International sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Timberline Ministries Inc ($1.3m), Hashkifa ($1.3m) and Hope Full Gospel Family Church Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $59k (4.4% of expenses). Other salaries and wages came to $447k. At year end it held assets of $300k against liabilities of $29k, net assets of $271k. It reported 12 employees.