Prograce International

Analysis

Prograce International is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in December 2016, 10 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, Prograce International reported income of $501k and spending of $563k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $501k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 34%. 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, Prograce International sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Trinity Broadcasting of Indiana Inc ($501k), Shiloh Bible Conference ($501k) and Moving Works ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $261k (46% of expenses). Other salaries and wages came to $78k. At year end it held assets of $204k against liabilities of $6,583, net assets of $197k. It reported 3 employees.