Prayer Power Inc
EIN: 721513578 · Marksville, LA · NTEE: X84
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $13K |
| Net Assets | $60K |
Is Prayer Power Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prayer Power Inc
Prayer Power Inc (EIN: 721513578) is a nonprofit organization based in Marksville, LA, classified under NTEE code X84. The organization reported total revenue of $6K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prayer Power Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prayer Power Inc is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $13K |
| Surplus / Deficit | $-1,175 |
| Total Assets | $60K |
| Net Assets | $60K |
| Operating Margin | -9.6% |
| Months of Reserves | 54.1 months |
Financial Health Grade: B
In 2022, Prayer Power Inc reported a deficit of $1K with expenses exceeding revenue, holds 54.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Prayer Power Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -25.7% | -13.3% | -1.9% |
| 2021 | -1.9% | -6.0% | +1.7% |
| 2020 | +12.1% | +6.7% | +1.3% |
| 2019 | -20.4% | -18.3% | -0.6% |
| 2018 | -16.3% | -10.9% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prayer Power 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 Prayer Power 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Prayer Power Inc
Is Prayer Power Inc a legitimate charity?
Prayer Power Inc (EIN: 721513578) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $6K. No red flags identified. Financial health grade: B.
How does Prayer Power Inc spend its money?
Prayer Power Inc reported $6K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prayer Power Inc tax-deductible?
Prayer Power Inc is registered as a tax-exempt nonprofit (EIN: 721513578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prayer Power Inc located?
Prayer Power Inc is headquartered in Marksville, Louisiana and files with the IRS under EIN 721513578. It is classified under NTEE code X84.
How many years of IRS 990 filings does Prayer Power Inc have?
Prayer Power Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6K in total revenue.
Filing History
IRS 990 filing history for Prayer Power Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Prayer Power Inc's revenue has declined by 54.1%, moving from $27K to $12K. Total assets decreased by 0.9% over the same period, from $61K to $60K. Total functional expenses fell by 48.3%, from $26K to $13K. In its most recent filing year (2022), Prayer Power Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $12K | $13K | $60K | $0 | — | View 990 |
| 2021 | $16K | $15K | $61K | $0 | — | — |
| 2020 | $17K | $16K | $60K | $0 | — | View 990 |
| 2019 | $15K | $15K | $60K | $0 | — | View 990 |
| 2018 | $19K | $19K | $60K | $0 | — | View 990 |
| 2017 | $22K | $21K | $60K | $61K | — | View 990 |
| 2016 | $22K | $20K | $62K | $0 | — | View 990 |
| 2015 | $22K | $22K | $60K | $0 | — | View 990 |
| 2014 | $24K | $24K | $60K | $0 | — | View 990 |
| 2013 | $21K | $21K | $59K | $0 | — | View 990 |
| 2012 | $20K | $21K | $59K | $0 | — | View 990 |
| 2011 | $27K | $26K | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $12K, expenses of $13K, and assets of $60K (revenue -25.7% year-over-year).
- 2021: Revenue of $16K, expenses of $15K, and assets of $61K (revenue -1.9% year-over-year).
- 2020: Revenue of $17K, expenses of $16K, and assets of $60K (revenue +12.1% year-over-year).
- 2019: Revenue of $15K, expenses of $15K, and assets of $60K (revenue -20.4% year-over-year).
- 2018: Revenue of $19K, expenses of $19K, and assets of $60K (revenue -16.3% year-over-year).
- 2017: Revenue of $22K, expenses of $21K, and assets of $60K (revenue +1.9% year-over-year).
- 2016: Revenue of $22K, expenses of $20K, and assets of $62K (revenue -0.7% year-over-year).
- 2015: Revenue of $22K, expenses of $22K, and assets of $60K (revenue -8.9% year-over-year).
- 2014: Revenue of $24K, expenses of $24K, and assets of $60K (revenue +16.2% year-over-year).
- 2013: Revenue of $21K, expenses of $21K, and assets of $59K (revenue +7.1% year-over-year).
- 2012: Revenue of $20K, expenses of $21K, and assets of $59K (revenue -26.5% year-over-year).
- 2011: Revenue of $27K, expenses of $26K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prayer Power Inc:
Data Sources and Methodology
This transparency report for Prayer Power 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.