Pray 1 Inc

Analysis

Pray 1 Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pray 1 Inc reported income of $320k and spending of $208k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $248k to $320k (+29%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pray 1 Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Chosen Gospel Recovery Inc ($320k), New Mexico AIDS Services Inc ($320k) and Lockport Fish Pantry ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $39k (19% of expenses). Other salaries and wages came to $1,794. At year end it held assets of $258k against liabilities of $18k, net assets of $240k. It reported 2 employees.