The Presidential Prayer Team

Analysis

The Presidential Prayer Team is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Presidential Prayer Team reported income of $1.1m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Presidential Prayer Team sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Faith an Endowment for Orthodoxy & Hellenism ($1.1m), World Prayer Centre USA ($1.1m) and Jesus Ministries International ($1.1m).

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 $166k (13% of expenses). Other salaries and wages came to $800k. At year end it held assets of $1.1m against liabilities of $99k, net assets of $1.0m. It reported 13 employees.