Prayer at the Heart Inc

Analysis

Prayer at the Heart Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in January 2023, 3 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, Prayer at the Heart Inc reported income of $278k and spending of $276k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $278k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prayer at the Heart Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include United Christian Ministries Inc ($278k), Christian Heritage USA Foundation ($278k) and Missions to Military Inc ($278k).

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 $115k (42% of expenses). At year end it held assets of $4,016 against liabilities of $0, net assets of $4,016. It reported 1 employees.