Cathedral of Praise Church
Nonprofit profile at a glance
- EIN
- 460558505
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Memphis, TN, USA
- Phone
- 9014588271
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $85,216
- Expenses
- $78,936
- Assets
- $86,653
- Liabilities
- $49,413
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- Darnell Gooch Jr (Senior Pastor)
- Davin Clemons (Church Administrator)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Cathedral is a safehaven where the Holy Spirit empowers all people regardless of race, ethnicity, gender, sexual orientation, class or background.
What it reported doing in 2024
A welcoming, inclusive and multiracial Progressive Pentecostal church
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.3%; rating input score 31
- Program expense ratio: 33.8%; rating input score 34
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.4%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 31.1% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: -17.8% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 31.3% of revenue deployed · 33.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.