Praise Inc
Nonprofit profile at a glance
- EIN
- 820351170
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Caldwell, ID, USA
- Phone
- 2083186269
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $167,960
- Expenses
- $191,403
- Assets
- $82,828
- Liabilities
- $17,331
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Richard Shaw (President)
- Freddie Harris Jr (Executive Director)
- John Mount (Vice President)
People named in this filing
- Richard Shaw (President)
- Freddie Harris Jr (Executive Director)
- John Mount (Vice President)
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
Funding for missionaries and pastors.
What it reported doing in 2024
Services and materials are provided to approximately 159 missionariesand teachers of the Gospel of Jesus Christ. Bibles, materialsand urgent physical needs are provided with donated funds.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -14%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 21.9%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 14.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $191K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.