Tabernacle of Praise

Analysis

Tabernacle of Praise is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in May 2021, 5 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, Tabernacle of Praise reported income of $94k and spending of $92k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $94k (-1.8%), an average of -1.8% a year. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tabernacle of Praise sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Primitive Church of God of Smyrna Inc ($94k), Russell Domingue Ministries Inc ($94k) and F5 Challenge ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $216k against liabilities of $127k, net assets of $89k.