Overview
What is Preachit Inc?
PreachIt Inc, situated in Valparaiso, Indiana, is a not-for-profit Christian organization. Their primary focus is on evangelization, encompassing both scriptural and ministry aspects. This implies they strive to spread the teachings of Christianity through various means, aiming to inspire and uplift people spiritually. The organization's mission is deeply rooted in this pursuit.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 72%
Preachit Inc has received a two-star rating from Charity Navigator, indicating that while it meets certain accountability and finance standards, there are areas needing improvement. The organization scores exceptionally well in governance metrics, achieving a perfect 100% on factors like the majority of independent board members and having a conflict of interest policy in place.
Financially, Preachit Inc showcases a low liabilities to assets ratio at 3.02%, signaling strong financial health. However, it only achieved a score of 3 out of 25 points for its program expense ratio, which stands at 52.21%. This indicates that a considerable portion of its expenses may not be directed towards its mission-driven programs, raising concerns about overall program efficiency.
Overall, while Preachit Inc demonstrates solid accountability practices and financial stability, the low program expense ratio suggests that the organization may need to re-evaluate its allocation of resources to better fulfill its mission and enhance its standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Preachit Inc legitimate?
Preachit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preachit Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $295,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Preachit Inc?
Preachit Inc, as a Christian nonprofit organization, is dedicated to the mission of scriptural and ministry evangelization. This mission involves spreading the teachings of the Bible and promoting spiritual growth through various ministry activities. The organization works towards spreading religious beliefs and fostering a spiritual community. Preachit Inc's activities are centered around spreading the message of the Bible and promoting spiritual growth through various ministry activities. The organization strives to make a significant impact in the religious community by spreading the teachings of the Bible.
Who is the CEO of Preachit Inc?
James Smith is the President of Preachit Inc.
What is the revenue of Preachit Inc?
Preachit Inc's revenue in 2022 was $703,566.
Who are the executives of Preachit Inc and what are their salaries?
The average compensation at Preachit Inc during 2022 was $37,000. There are 8 employees at Preachit Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Preachit Inc?
Preachit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Preachit Inc
PreachIt, a Christian nonprofit organization, is dedicated to the mission of scriptural and ministry evangelization. In simpler terms, PreachIt's primary goal is to spread the teachings of the Bible and engage in religious outreach. This mission is centered around the belief in the power of scripture and the importance of ministry, as tools for spreading faith and fostering spiritual growth. PreachIt's activities are guided by this mission, aiming to share the Christian message and promote spiritual development within their community.
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Impact
July, 2024
Preachit Inc's impact is focused on scriptural and ministry evangelization, aiming to spread Christian teachings and knowledge in the community. Through their activities and programs, they aim to educate and inspire individuals to deepen their understanding of the scriptures and faith. Their work plays a significant role in promoting spiritual growth and fostering a sense of community among believers in Valparaiso, IN.
This information is meant to be a general summary of Preachit Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $703,566
- Gross Receipts: $703,566
Assets and Liabilities:
- Total Assets: $1,528,910
- Total Liabilities: $46,222
- Net Assets: $1,482,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATIONS/SERVICES
Revenue
$703,566
Organization Details
Founding Year
2008
Phone
(219) 405-9439Principal Officer
James Smith
Main Address
234 W 166 South, VALPARAISO, IN, 46385
NTEE Category
Code: B70 - Education
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