House of Prayer & Worship Inc

Analysis

House of Prayer & Worship Inc is a registered charity in United States, based in Bay Shore, NY. It received its IRS tax-exemption ruling in November 2019, 7 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, House of Prayer & Worship Inc reported income of $213k and spending of $232k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $161k to $213k (+32%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of Prayer & Worship Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Illuminate Ministries ($212k), American Friends of Irgun Tomchei Torah Kollelei Ramot ($213k) and Iglesia Biblica Peniel ($212k).

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 $33k (14% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k.