Overview
What is Praise Ministries Inc?
Praise Ministries Inc is a nonprofit organization, categorized as a 501(c)(3), with a religious focus. Their primary objective is to disseminate the teachings of Jesus Christ through music and spoken word. This mission is realized through their organized concerts and church services, which they conduct extensively within the United States.
Official website here: www.dallasholm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star Rating)
Praise Ministries Inc has received a low evaluation of 54%, reflecting significant challenges in its accountability and financial practices. The organization scored particularly poorly in areas such as having an independent board, with none of its board members being independent, which raises concerns about governance and oversight. Additionally, the charity lacks policies for whistleblower protection and document retention, which are essential for transparency.
Despite these shortcomings, Praise Ministries Inc demonstrated strength in certain financial metrics, such as a low liabilities to assets ratio of 2.12%, indicating it manages its debts well relative to its assets. The organization also has a reasonable program expense ratio of 62.90%, suggesting that a substantial portion of its expenditures is directed towards its programs rather than administrative costs.
However, the absence of critical policies and independent oversight may hinder its overall effectiveness and trustworthiness. Potential donors and partners should consider these factors when evaluating their support for Praise Ministries Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Praise Ministries Inc legitimate?
Praise Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Praise Ministries Inc submitted a form 990EZ, 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.
Official website here: www.dallasholm.com
What is the mission statement of Praise Ministries Inc?
Praise Ministries Inc, as a 501(c)(3) religious organization, is dedicated to spreading the teachings of Jesus Christ. They accomplish this mission primarily through music and spoken word, engaging in concerts and church services throughout the United States. Their primary objective is to share the gospel and inspire spiritual growth among their audience.
Official website here: www.dallasholm.com
Who is the CEO of Praise Ministries Inc?
Jennifer Koeshall is the Secretary of Praise Ministries Inc.
Official website here: www.dallasholm.com
What is the revenue of Praise Ministries Inc?
Praise Ministries Inc's revenue in 2022 was $179,470.
Official website here: www.dallasholm.com
Who are the executives of Praise Ministries Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $51,120
- Related: $0
- Other: $0
- Compensation: $20,713
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dallasholm.com
Where can I find the form 990EZ for Praise Ministries Inc?
Praise Ministries Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.dallasholm.com
Learn more at the official website: www.dallasholm.com
Mission Statement of Praise Ministries Inc
Praise Ministries Inc, as a 501(c)(3) nonprofit organization, is dedicated to the mission of propagating the teachings of Jesus Christ through music and speech. This religious entity carries out its mission by organizing concerts and church services across the nation. Through these events, Praise Ministries Inc aims to spread the gospel, providing a platform for spiritual growth and fellowship. The organization's activities are centered around promoting faith and fostering a sense of community among its attendees.
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Impact
October, 2024
Praise Ministries Inc has a profound impact on communities across the United States by spreading the gospel of Jesus Christ through music and the spoken word. Through its concerts and church services, the organization fosters spiritual growth and connection among diverse audiences. By integrating music into worship, it creates an engaging environment that resonates with people, enhancing their understanding and appreciation of the Christian faith.
The ministry not only reaches individuals in traditional church settings but also engages with broader communities, offering a platform for worship that is accessible and inviting. This approach helps to build a sense of unity and support among participants, encouraging them to deepen their faith and share it with others. Overall, Praise Ministries Inc plays a vital role in uplifting communities, inspiring hope, and promoting the message of love and redemption that lies at the heart of the Christian gospel.
This information is meant to be a general summary of Praise Ministries 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.
- Investment Income: $12,570
- Program Service Revenue: $6,445
- Gross Receipts: $179,470
Assets and Liabilities:
- Total Assets: $105,175
- Total Liabilities: $2,611
- Net Assets: $102,564
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Organization Details
Phone
(903) 882-6176Principal Officer
Jennifer Koeshall
Main Address
PO BOX 1000, LINDALE, TX, 757711000
Website
www.dallasholm.comNTEE Category
Code: X20Z - Religion related
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