Inhabitants of Praise

Analysis

Inhabitants of Praise is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inhabitants of Praise reported income of $56k and spending of $50k, spending 88% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $37k to $56k (+53%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 523%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inhabitants of Praise sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within MO. Charities of a similar size with the same main cause include SMP Global ($56k), Mitzva Tank NYC Inc ($56k) and International Leadership Ministries ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,776 against liabilities of $0, net assets of $6,776.