Praise Him Ministries Inc
EIN: 30410199 · Ridgway, CO · NTEE: X20
About Praise Him Ministries Inc
Praise Him Ministries Inc (EIN: 30410199) is a nonprofit organization based in Ridgway, CO, classified under NTEE code X20. The organization reported total revenue of $3.1M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Praise Him 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 Him 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 Him 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 Him Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Praise Him Ministries Inc's revenue has grown by 22.7%, moving from $2.5M to $3.1M. Total assets increased by 76.7% over the same period, from $4.3M to $7.7M. Total functional expenses rose by 36.9%, from $2.3M to $3.1M. In its most recent filing year (2023), Praise Him Ministries Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $194K in liabilities against $7.7M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.1M | $7.7M | $194K | — | — |
| 2022 | $2.5M | $1.6M | $7.8M | $209K | — | View 990 |
| 2021 | $1.5M | $1.6M | $6.8M | $158K | — | View 990 |
| 2020 | $2.0M | $2.1M | $6.8M | $50K | — | View 990 |
| 2019 | $3.1M | $2.2M | $7.0M | $187K | — | View 990 |
| 2015 | $2.6M | $2.3M | $3.9M | $122K | — | View 990 |
| 2014 | $2.4M | $2.2M | $3.7M | $192K | — | View 990 |
| 2013 | $1.1M | $2.2M | $3.4M | $78K | — | View 990 |
| 2012 | $2.6M | $2.4M | $4.5M | $102K | — | View 990 |
| 2011 | $2.5M | $2.3M | $4.3M | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.1M, and assets of $7.7M (revenue +21.4% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.6M, and assets of $7.8M (revenue +67.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $6.8M (revenue -23.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.1M, and assets of $6.8M (revenue -36.5% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.2M, and assets of $7.0M (revenue +20.9% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.3M, and assets of $3.9M (revenue +7.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $3.7M (revenue +121.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $2.2M, and assets of $3.4M (revenue -58.6% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $4.5M (revenue +4.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $4.3M.
Data Sources and Methodology
This transparency report for Praise Him 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.