Tabernacle of Praise Prophetic Ministries Inc

Analysis

Tabernacle of Praise Prophetic Ministries Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in November 2021, 5 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, Tabernacle of Praise Prophetic Ministries Inc reported income of $502k and spending of $482k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $355k to $502k (+41%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tabernacle of Praise Prophetic Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Assembleia de Deus Vida Inc ($502k), Cadre International ($502k) and Youth with a Mission Pittsburgh Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.