The Presidential Prayer Team
EIN: 861040691 · Scottsdale, AZ · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $822K |
| Total Expenses | $1.3M |
| Net Assets | $1.0M |
Is The Presidential Prayer Team Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Presidential Prayer Team
The Presidential Prayer Team (EIN: 861040691) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code X21. The organization reported total revenue of $822K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Presidential Prayer Team's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Presidential Prayer Team is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-120,910 |
| Total Assets | $1.1M |
| Total Liabilities | $99K |
| Net Assets | $1.0M |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, The Presidential Prayer Team reported a deficit of $121K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Presidential Prayer Team's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +4.8% | -6.4% |
| 2022 | -21.8% | -6.1% | -5.4% |
| 2021 | +23.7% | -5.7% | -2.5% |
| 2020 | -5.2% | +10.7% | -3.8% |
| 2019 | -3.2% | +21.3% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Presidential Prayer Team 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 The Presidential Prayer Team 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.8%.
Frequently Asked Questions about The Presidential Prayer Team
Is The Presidential Prayer Team a legitimate charity?
Based on AI analysis of IRS 990 filings, The Presidential Prayer Team (EIN: 861040691) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Presidential Prayer Team spend its money?
Detailed spending breakdown data is not yet available for The Presidential Prayer Team. Check back for updated IRS 990 analysis.
Are donations to The Presidential Prayer Team tax-deductible?
The Presidential Prayer Team is registered as a tax-exempt nonprofit (EIN: 861040691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Presidential Prayer Team located?
The Presidential Prayer Team is headquartered in Scottsdale, Arizona and files with the IRS under EIN 861040691. It is classified under NTEE code X21.
How many years of IRS 990 filings does The Presidential Prayer Team have?
The Presidential Prayer Team has 14 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 $822K in total revenue.
Filing History
IRS 990 filing history for The Presidential Prayer Team showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Presidential Prayer Team's revenue has grown by 143.5%, moving from $469K to $1.1M. Total assets increased by 3071.6% over the same period, from $35K to $1.1M. Total functional expenses rose by 217.5%, from $398K to $1.3M. In its most recent filing year (2023), The Presidential Prayer Team reported a deficit of $121K, with expenses exceeding revenue. The organization holds $99K in liabilities against $1.1M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.3M | $1.1M | $99K | — | — |
| 2022 | $1.1M | $1.2M | $1.2M | $55K | — | — |
| 2021 | $1.4M | $1.3M | $1.3M | $66K | — | View 990 |
| 2020 | $1.1M | $1.4M | $1.3M | $216K | — | View 990 |
| 2019 | $1.2M | $1.2M | $1.4M | $40K | — | View 990 |
| 2018 | $1.2M | $1.0M | $1.4M | $40K | — | View 990 |
| 2017 | $855K | $822K | $1.2M | $36K | — | View 990 |
| 2016 | $984K | $625K | $1.3M | $203K | — | View 990 |
| 2015 | $1.3M | $548K | $1.1M | $318K | — | View 990 |
| 2014 | $542K | $521K | $64K | $65K | — | View 990 |
| 2013 | $488K | $465K | $57K | $79K | — | View 990 |
| 2012 | $539K | $419K | $22K | $90K | — | View 990 |
| 2011 | $394K | $392K | $36K | $197K | — | View 990 |
| 2010 | $469K | $398K | $35K | $198K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.3M, and assets of $1.1M (revenue +4.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue -21.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.3M (revenue +23.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $1.3M (revenue -5.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue -3.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $1.4M (revenue +44.5% year-over-year).
- 2017: Revenue of $855K, expenses of $822K, and assets of $1.2M (revenue -13.2% year-over-year).
- 2016: Revenue of $984K, expenses of $625K, and assets of $1.3M (revenue -23.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $548K, and assets of $1.1M (revenue +136.2% year-over-year).
- 2014: Revenue of $542K, expenses of $521K, and assets of $64K (revenue +11.1% year-over-year).
- 2013: Revenue of $488K, expenses of $465K, and assets of $57K (revenue -9.3% year-over-year).
- 2012: Revenue of $539K, expenses of $419K, and assets of $22K (revenue +36.6% year-over-year).
- 2011: Revenue of $394K, expenses of $392K, and assets of $36K (revenue -16.0% year-over-year).
- 2010: Revenue of $469K, expenses of $398K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Presidential Prayer Team:
Data Sources and Methodology
This transparency report for The Presidential Prayer Team 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.