First Priority Global Ministries EIN 26-0701963 Form 990 (PDF) Claim this org

First Priority Global Ministries

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Spreading the good news of Jesus Christ globally and launching new ministries. For fiscal year 2022 it reported $1.9M in revenue, $1.7M in expenses, and $672K in net assets.Pt I

Type
Religious organization · Religion
Location
Thompsons Stn, TN
Website
www.firstpriority.net
Filings
3 on file (2020–2022)
Revenue
$1.9MFY2022
Expenses
$1.7M
Net assets
$672K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  26-0701963 Religious organization Thompsons Stn, TN
Form 990 (PDF)
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Figures match the IRS filing checked 9/11/26 · see original: IRS
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Size
$1–10M
What they do
Spreading the good news of Jesus Christ globally and launching new ministries.
Leadership
Benny Proffitt · CEO · $11K
Money in and out
$1.9M revenue, $1.7M expenses
Bottom line
92% program efficiency
Where the money goes · FY2022
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$672K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.06 Fundraising $0.01
Program efficiency
92%
of spending reaches programs+0.2% vs prior filing year
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -65% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.9M
FY2022▲ +54%
Expenses
$1.7M
FY2022▲ +75%
Total assets
$716K
FY2022▲ +17%
Total liabilities
$44K
FY2022▼ -13%
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$672K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$716K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFirst Priority Global Ministries
EINHdr · item D26-0701963
Principal addressHdr · item CThompsons Stn, TN
WebsiteHdr · item Jwww.firstpriority.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$10,666Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

Benny Proffitt’s $11K as CEO is at the 2nd percentile of top reported officer pay among 1637 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Melissa Glass$83,166
Benny Proffitt$10,666$12,406$47,036
Keith Miller$41,530

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $904K of program spending, described in the organization's own filed words · FY2022.
01

1. SUB-SAHARAN AFRICA. Dozens of new Youth Ministries were started in cities across Africa including the Ethiopian region in such places as Hossana, Tefki, Durame City, Hawassa, Addis Ababa, AA Lafto, AA Kolfe, and Jigjiga in the Somolia region.

$606Kprogram expense
02

2. SOUTH AISA. Existing youth ministries among several countries in South Asia saw teens being trained, mobilized and fruitful among their peers. Additionally, humanitarian aid, such as food and education, coupled with preaching the Gospel resulted in hundreds of new converts who were baptized and new bamboo structures were built for…

$163Kprogram expense
03

3. EAST AISA & PACIFIC. The ministry of First Priority, teen led ministry in East Asia and the pacific, like all of the other regions, saw many great inroads for the Lord.In Myanmar, (Burma), teen disciples distributed rice to hundreds of the war-torn, hunger plagued people.

$135Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.8M · 99%
Other revenue$16K · 1%
Contributions & grants99%$1.8M
Other revenue1%$16K
Total revenueLn 12$1.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.06 Fundraising $0.01
Program services92%$1.6M
Management & general6%$109K
Fundraising1%$26K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$630K
Total assetsLn 16$716K
Total liabilitiesLn 26$44K
Total net assetsLn 32$672K
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $630K · Operating expenses/yr $1.7M
4.3 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.7M
92%
Management & General
Management & general $109K · Total expenses $1.7M
6%
Fundraising
Fundraising $26K · Total expenses $1.7M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $17K · Solicited contributions (3-yr avg) $1.3M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $1.9M
99%
Government reliance
Government grants — · Total revenue $1.9M
Earned-income share
Program service revenue $0 · Total revenue $1.9M
0%
Investment reliance
Investment income $0 · Total revenue $1.9M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.7M
0%
Growth & trend
Revenue growth (YoY)
This year $1.9M · Prior year $1.2M
+54%
Net-asset trend (YoY)
End of year $672K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.9M · Expenses $1.7M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $716K
Net-asset ratio
Net assets $672K · Total assets $716K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $716K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Benny Proffitt · Reported title CEO · Highest reported compensation $11K · Total expenses $1.7M
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $340K · Total expenses $1.7M
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 6%
Fundraising cost ratio 1%
Revenue growth 54%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$1.9M revenue · viewing · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$812K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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