Prayers of the People

Analysis

Prayers of the People is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2017, 9 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, Prayers of the People reported income of $374k and spending of $369k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $374k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prayers of the People sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include 420 Fire Ministries Inc ($373k), Crosstalk Global ($374k) and Miqlat Inc ($373k).

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 $75k (20% of expenses). Other salaries and wages came to $139k. At year end it held assets of $169k against liabilities of $1,549, net assets of $167k. It reported 4 employees.