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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-1724889

PRAISE MINISTRIES INC

Tax-exempt · LINDALE, TX 75771

Financials

$101K$158K2023$119K$152K2024
Revenue Expenses · by fiscal year end
Financials of PRAISE MINISTRIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$118,579$152,019-$33,440$43,599–$43,599
December 31, 2023990-EZ$100,916$157,554-$56,638$77,039$31,113$45,926
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$114,463
Program service revenue
$4,074
Investment income
$42

Expenses

Compensation of officers, directors and key employees
$59,943
Salaries, compensation and benefits (total)
$87,763
Professional fees and payments to contractors
$17,351
Occupancy
$15,433
Other expenses
$31,472
Program services (functional)
$92,104

Balance sheet and other

Total assets, start of year
$77,039
Total assets, end of year
$43,599
Total liabilities, end of year
–
Net assets, end of year
$43,599
Cash, savings and investments
$4,065
Land and buildings
$36,175
Gross receipts
$118,579

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DALLAS HOLMPRES/TREAS0$38,292$24,000
JENNIFER KOESHALLSECRETARY0$21,651–
AC MUSGRAVEDIRECTOR0$0–
RICK MCCRARYDIRECTOR0$0–
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DALLAS HOLMPRES/TREAS0$0
JENNIFER KOESHALLSECRETARY0$0
AC MUSGRAVEDIRECTOR0$0
RICK MCCRARYDIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 1000, LINDALE, TX 75771-1000
Signed the 990-EZ
DALLAS HOLM, PRES/TREAS
Phone
(903) 882-6176
Return prepared by
GUINN SMITH & CO INC

Mission

501(C)(3) RELIGIOUS ORGANIZATION

990-EZ for the year ended December 31, 2024

Program accomplishments

  • PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.
    Expenses $91,769
  • SALE AND DISTRIBUTION OF MUSIC TO SHARE THE GOSPEL OF JESUS CHRIST
    Expenses $335

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for PRAISE MINISTRIES INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
75-1724889
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$43,599
Income (IRS master file)
$118,579

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$118,579$152,019$43,599IRS
990-EZDecember 2023$100,916$157,554$77,039XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-1724889).

Questions about PRAISE MINISTRIES INC

What is the EIN of PRAISE MINISTRIES INC?
The employer identification number (EIN) of PRAISE MINISTRIES INC is 75-1724889.
Is PRAISE MINISTRIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to PRAISE MINISTRIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRAISE MINISTRIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PRAISE MINISTRIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PRAISE MINISTRIES INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of PRAISE MINISTRIES INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $38,292 (DALLAS HOLM, PRES/TREAS).
How much revenue does PRAISE MINISTRIES INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $118,579, expenses of $152,019 and total assets of $43,599 at year end.

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