Prakash Ministries

Analysis

Prakash Ministries is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in August 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, Prakash Ministries reported income of $260k and spending of $316k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $340k to $260k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prakash Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Judaism by Choice Inc ($259k), Kingdom in Action Family ($260k) and Holy Journey Foundation Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). At year end it held assets of $315k against liabilities of $0, net assets of $315k. It reported 1 employees.