Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Praise Ministries Inc
EIN 75-1724889 • 501(c)3 • Lindale, TX
Profile
501(c)(3) religious organization
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 52.5% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Balance Sheet
Assets
Down$43,599
Down $33,440 (-43%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$43,599
Down $2,327 (-5.1%) from 2023
Revenue
Up$118,579
Up $17,663 (+18%) from 2023
Expenses
Down$152,019
Down $5,535 (-3.5%) from 2023
Net Income
Up-$33,440
Up $23,198 (+41%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $43,599
- Liabilities
- -
- Net assets
- $43,599
- Revenue
- $118,579
- Expenses
- $152,019
- Net income
- -$33,440
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $118,579
Mission and Program Overview
Mission
501(c)(3) religious organization
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES. | - | $91,769 |
| SALE AND DISTRIBUTION OF MUSIC TO SHARE THE GOSPEL OF JESUS CHRIST | - | $335 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DALLAS HOLM | Pres/Treas | - | $38,292 | $24,000 | $62,292 |
| JENNIFER KOESHALL | Secretary | - | $21,651 | - | $21,651 |
| AC MUSGRAVE | Director | - | $0 | - | - |
| RICK MCCRARY | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Praise Ministries Inc
- EIN
- 75-1724889
- Phone
- 9038826176
- Address
- PO BOX 1000, LINDALE, TX 75771-1000
Signing Officer
- Name
- Dallas Holm
- Title
- Pres/treas
- Phone
- 9038826176
- Signed
- 2025-05-15
Preparer
- Firm
- Guinn Smith & Co Inc
- Address
- 2408 TEXAS DR, IRVING, TX 75062-7012
- Preparer
- Donald E Guinn
- Phone
- 9722557120
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Religious materials sales cost of goods sold 335 expenses office expense 1,439 business entertainment 5,569 fundraising 200 travel expenses 4,182 insurance 19,747 total 31,472”
Form 990-ez, Part I, Line 20
“Prior period correction 31,113”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 3,359 3,359 land improvements 127,677 127,677 less accumulated depreciation 127,677 127,677 furniture & fixtures 0 0 equipment 0 0 a/d-land improvements 0 0 a/d-furniture and fixtures 0 0 a/d-equipment 0 0 total 3,359 3,359”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 31,113 0”
Raw XML Appendix146 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JENNIFER KOESHALL |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9038826176 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1415 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LINDALE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75771 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 37505 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 4065 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 114463 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -33440 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 17351 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 77039 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 43599 |
| IRS990EZ/GrossReceiptsAmt | 0 | 118579 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 42 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 36175 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 36175 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 45926 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 43599 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 45926 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 43599 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 15433 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 38292 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 21651 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 24000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DALLAS HOLM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JENNIFER KOESHALL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | AC MUSGRAVE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RICK MCCRARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRES/TREAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 3359 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3359 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 31113 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 31472 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 501(C)(3) RELIGIOUS ORGANIZATION |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 4074 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | SALE AND DISTRIBUTION OF MUSIC TO SHARE THE GOSPEL OF JESUS CHRIST |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 91769 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 335 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 87763 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 31113 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 152019 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 92104 |
| IRS990EZ/TotalRevenueAmt | 0 | 118579 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationOtherDesc | 0 | MINISTRY |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DALLASHOLM.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 114463 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 93467 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 160455 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 116600 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93449 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 578434 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 42 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7449 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 120 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 97 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 151 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 7859 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 30435 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.98660 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.98360 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 578434 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 114463 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 93467 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 160455 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 116600 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93449 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 578434 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 586293 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | RELIGIOUS MATERIALS SALES COST OF GOODS SOLD 335 EXPENSES OFFICE EXPENSE 1,439 BUSINESS ENTERTAINMENT 5,569 FUNDRAISING 200 TRAVEL EXPENSES 4,182 INSURANCE 19,747 TOTAL 31,472 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PRIOR PERIOD CORRECTION 31,113 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INVENTORIES FOR SALE OR USE 3,359 3,359 LAND IMPROVEMENTS 127,677 127,677 LESS ACCUMULATED DEPRECIATION 127,677 127,677 FURNITURE & FIXTURES 0 0 EQUIPMENT 0 0 A/D-LAND IMPROVEMENTS 0 0 A/D-FURNITURE AND FIXTURES 0 0 A/D-EQUIPMENT 0 0 TOTAL 3,359 3,359 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 31,113 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DALLAS HOLM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRES/TREAS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9038826176 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PRAISE MINISTRIES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PRAI |
| ReturnHeader/Filer/EIN | 0 | 751724889 |
| ReturnHeader/Filer/PhoneNum | 0 | 9038826176 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1000 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LINDALE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 757711000 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 751732281 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GUINN SMITH & CO INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2408 TEXAS DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | IRVING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 750627012 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9722557120 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DONALD E GUINN |
| ReturnHeader/ReturnTs | 0 | 2025-05-16T00:56:51-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.