Praise Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 325,194 | 327,889 | −2,695 | 2.8 | 58% |
| 2011 | 342,224 | 303,004 | 39,220 | 4.6 | 59% |
| 2012 | 301,584 | 323,177 | −21,593 | 3.5 | 56% |
| 2013 | 292,021 | 319,204 | −27,183 | 2.5 | 56% |
| 2014 | 270,352 | 277,257 | −6,905 | 2.6 | 50% |
| 2015 | 243,919 | 229,682 | 14,237 | 3.9 | 50% |
| 2016 | 212,955 | 201,207 | 11,748 | 5.1 | 49% |
| 2017 | 209,448 | 192,751 | 16,697 | 6.4 | 52% |
| 2018 | 182,305 | 196,472 | −14,167 | 5.4 | 50% |
| 2019 | 262,847 | 184,644 | 78,203 | 10.8 | 49% |
| 2020 | 103,124 | 149,013 | −45,889 | 9.7 | 55% |
| 2021 | 125,444 | 154,617 | −29,173 | 7.1 | — |
| 2022 | 179,470 | 168,069 | 11,401 | 7.3 | — |
| 2023 | 100,916 | 157,554 | −56,638 | 3.5 | — |
In its most recent public year (2023), this organization spent $56,638 more than it brought in. Its reserves stood at about 3.5 months of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Praise Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works