Praxis

Legal name: Praxis Inc

Nonprofit profile at a glance

EIN
450967206
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New York, NY, United States
Phone
3103571523
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance
Affiliation
Christianity

Official website

Reported finances

Revenue
$12,348,901
Expenses
$9,968,970
Assets
$11,804,560
Liabilities
$4,886,682

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • DAVID BLANCHARD (CO-FOUNDER & PRESIDENT)

Highest reported compensation

  • DAVID BLANCHARD (CO-FOUNDER & PRESIDENT): $448,840 total reported compensation
  • SAJAN GEORGE (MANAGING PARTNER): $309,326 total reported compensation
  • ANDREW CROUCH (PARTNER, THEOLOGY & CULTURE): $277,569 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Praxis is a venture-building ecosystem awakening redemptive imagination, supporting founders, funders, innovators, and culture makers motivated by their faith to address the major issues of our time. We offer formative programs for founders, funders, and innovators—and support their entrepreneurial work through venture-building expertise, community engagement, aligned capital, and imaginative content. Founders Our work often begins with founders and senior teams of early-stage, privately-held businesses and nonprofits. Their unique vision, ambition, and risk tolerance—formed in accountable community—lead to outsized redemptive possibility. Imaginative**content-rich experiences** that help entrepreneurs form vision, develop practices, frame issues, and build organizations A **community of redemptive entrepreneurs** gathering locally, globally, and virtually to support one another and...

What it reported doing in 2024

Global venture building ecosystempraxis runs intensive 12-month accelerators for christian entrepreneurs building redemptive ventures, providing values-aligned capital, world-class mentorship, peer community, spiritual formation, and imaginative content. Currently operating four global programs - us business, us nonprofit, africa, and asia pacific - each cohort serves approximately 12 fellows, supported through in-person gatherings, coaching, and peer circles that continue well beyond the program itself. (continued on schedule o)praxis also convenes regional gatherings that bring entrepreneurs, investors, and builders together for multi-day events of convening, relationship building, and imaginative stories, with recent gatherings serving the africa and asia pacific regions in nairobi and singapore. Through its local ecosystems work, praxis equips ecosystem builders to develop local redemptive communities, offering structured programming through labs, tables, and courses that span across more than 100 cities worldwide.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 72
  • Accountability: 92
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.1%; rating input score 67
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $64.39 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.9%; rating input score 100; 39th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.3%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.18; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 19.1%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 19% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 19.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 26.2% per year; rating input score 100; 94th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site
  • Where the money goes: 67.1% of revenue deployed · 82.9% of spending went to programs
  • Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.3M in reported program spending
  • Leadership: top reported pay $449K · 13 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $566K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.