Praise Power Celebration

Analysis

Praise Power Celebration is a registered charity in United States, based in Montchanin, DE. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Praise Power Celebration reported income of $144k and spending of $142k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $144k (-12%), an average of -12% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Praise Power Celebration sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 40th percentile within DE. Charities of a similar size with the same main cause include Willpower Institute USA ($144k), Ministerio Internacional El Gran Yo Soy Inc ($144k) and Yeshiva Marbeth Torah ($144k).

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 $5,893 against liabilities of $0, net assets of $5,893.