Praise Center Ministries Inc
EIN: 731195395 · Jenks, OK · NTEE: X20
About Praise Center Ministries Inc
Praise Center Ministries Inc (EIN: 731195395) is a nonprofit organization based in Jenks, OK, classified under NTEE code X20. The organization reported total revenue of $594K and total assets of $959K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Praise Center Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Praise Center Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Praise Center Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Praise Center Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Praise Center Ministries Inc's revenue has grown by 46.5%, moving from $404K to $592K. Total assets increased by 6% over the same period, from $905K to $959K. Total functional expenses rose by 27.6%, from $407K to $519K. In its most recent filing year (2020), Praise Center Ministries Inc reported a surplus of $74K, with revenue exceeding expenses. The organization holds $345K in liabilities against $959K in assets (debt-to-asset ratio: 35.9%), resulting in net assets of $614K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $592K | $519K | $959K | $345K | — | — |
| 2019 | $503K | $497K | $929K | $388K | — | View 990 |
| 2018 | $507K | $536K | $960K | $424K | — | View 990 |
| 2017 | $500K | $493K | $990K | $427K | — | View 990 |
| 2016 | $443K | $428K | $1.0M | $460K | — | View 990 |
| 2015 | $433K | $394K | $1.0M | $455K | — | View 990 |
| 2014 | $416K | $407K | $995K | $485K | — | View 990 |
| 2013 | $374K | $375K | $1.0M | $513K | — | View 990 |
| 2012 | $377K | $370K | $941K | $438K | — | View 990 |
| 2011 | $404K | $407K | $905K | $409K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $592K, expenses of $519K, and assets of $959K (revenue +17.8% year-over-year).
- 2019: Revenue of $503K, expenses of $497K, and assets of $929K (revenue -0.9% year-over-year).
- 2018: Revenue of $507K, expenses of $536K, and assets of $960K (revenue +1.5% year-over-year).
- 2017: Revenue of $500K, expenses of $493K, and assets of $990K (revenue +12.9% year-over-year).
- 2016: Revenue of $443K, expenses of $428K, and assets of $1.0M (revenue +2.2% year-over-year).
- 2015: Revenue of $433K, expenses of $394K, and assets of $1.0M (revenue +4.1% year-over-year).
- 2014: Revenue of $416K, expenses of $407K, and assets of $995K (revenue +11.5% year-over-year).
- 2013: Revenue of $374K, expenses of $375K, and assets of $1.0M (revenue -0.8% year-over-year).
- 2012: Revenue of $377K, expenses of $370K, and assets of $941K (revenue -6.9% year-over-year).
- 2011: Revenue of $404K, expenses of $407K, and assets of $905K.
Data Sources and Methodology
This transparency report for Praise Center Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.