Voices in Praise Inc

Analysis

Voices in Praise Inc is a registered charity in United States, based in Dunkirk, MD. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Voices in Praise Inc reported income of $64k and spending of $34k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $64k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Voices in Praise Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include The Mankato Childrens Chorus ($64k), Graceway Chinese-English Christian Academy ($64k) and Friends of the Pulaski Theatre Ltd ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 20% of the total. At year end it held assets of $118k against liabilities of $409, net assets of $118k.