Praxis INC EIN 45-0967206 Form 990 (PDF) Claim this org

Praxis INC

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Empowers entrepreneurs to build businesses that heal and restore communities. For fiscal year 2024 it reported $8.5M in revenue, $7.6M in expenses, and $4.5M in net assets.Pt I

Founded
2011
Type
Religious organization · Religion
Location
New York, NY
Website
www.praxislabs.org
Filings
5 on file (2020–2024)
Revenue
$8.5MFY2024
Expenses
$7.6M
Net assets
$4.5M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-0967206 Religious organization New York, NY Founded 2011
Form 990 (PDF)
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Figures match the IRS filing checked 8/15/26 · see original: IRS
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Size
$1–10M
What they do
Empowers entrepreneurs to build businesses that heal and restore communities.
Leadership
David Blanchard · Co-Founder & President · $298K
Money in and out
$8.5M revenue, $7.6M expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$8.5M
Pt VIII · Ln 12
Total expenses
$7.6M
Pt IX · Ln 25
Net assets
$4.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $923K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program efficiency
87%
of spending reaches programs+0.3% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +74% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$8.5M
FY2024▲ +24%
Expenses
$7.6M
FY2024▲ +18%
Total assets
$5.4M
FY2024▲ +19%
Total liabilities
$891K
FY2024▼ -9%
Total revenue
$8.5M
Pt VIII · Ln 12
Total expenses
$7.6M
Pt IX · Ln 25
Net assets
$4.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$923K
Total assetsPt X · Ln 16$5.4M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $6.0M of program spending, described in the organization's own filed words · FY2023.
01

Praxis Ventures

The mission of the Venture Group is to develop and resource a portfolio of the top redemptive ventures in the world and serve their Christian founders from startup to scale, from growth to impact.

$2.9Mprogram expense
02

Content for Redemptive Imagination

Our content for redemptive imagination is intended to be a primary prophetic resource for entrepreneurial Christians, shaping the formative and imaginative agenda as they consider what and how they should build in the world. We do this through research & content, program offerings, and partnerships throughout our growing ecosystem.

$2.0Mprogram expense
03

Praxis Summit

We gather as a community for the Praxis Summit-to learn together, celebrate one another's faithful work, and collaborate around new opportunities for redemptive innovation across cities, sectors, and social challenges.

$1.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPraxis INC
EINHdr · item D45-0967206
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.praxislabs.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X022)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Co-Founder & President
$298,200Pt VII · Sec A
Managing Partner
$238,750Pt VII · Sec A
Partner, Content
$200,625Pt VII · Sec A
Partner, Global
$164,925Pt VII · Sec A
Partner, Theology & Culture
$156,192Pt VII · Sec A
Partner, Business Portfolio
$153,126Pt VII · Sec A
Partner, Labs
$148,200Pt VII · Sec A
$0Pt VII · Sec A

David Blanchard’s $298K as Co-Founder & President is at the 97th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
David Blanchard$298,200$290,900$235,275
Dave Blanchard$239,400
Sajan George$238,750$230,625
Andrew Crouch$156,192$222,750$211,500
Andrew Crouch$203,906
Scott Kauffmann$200,625$191,250$177,600
Sajan George$195,469
Scott Kauffmann$186,250

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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Statement of Revenue

Part VIII
Contributions & grants$7.4M · 87%
Program service revenue$1.1M · 13%
Contributions & grants87%$7.4M
Program service revenue13%$1.1M
Investment income$7K
Other revenue$28K
Total revenueLn 12$8.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program services87%$6.7M
Management & general12%$881K
Fundraising1%$90K
Total functional expensesLn 25$7.6M

Balance Sheet

Part X · end of year
CashLn 1$4.6M
Total assetsLn 16$5.4M
Total liabilitiesLn 26$891K
Total net assetsLn 32$4.5M
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.7M · Operating expenses/yr $7.6M
7.4 months
Where the money goes
Program services
Program services $6.7M · Total expenses $7.6M
87%
Management & General
Management & general $881K · Total expenses $7.6M
12%
Fundraising
Fundraising $90K · Total expenses $7.6M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $47K · Solicited contributions (3-yr avg) $6.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.4M · Total revenue $8.5M
87%
Government reliance
Government grants — · Total revenue $8.5M
Earned-income share
Program service revenue $1.1M · Total revenue $8.5M
13%
Investment reliance
Investment income $7K · Total revenue $8.5M
+0.09%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $7.6M
14%
Growth & trend
Revenue growth (YoY)
This year $8.5M · Prior year $6.9M
+24%
Revenue CAGR
FY2019 $3.8M · FY2023 $8.5M
+22%
Net-asset trend (YoY)
End of year $4.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $8.5M · Expenses $7.6M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $5.4M
Net-asset ratio
Net assets $4.5M · Total assets $5.4M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $134K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.4M
2%
People & payroll
Highest Reported Total Compensation
Individual David Blanchard · Reported title Co-Founder & President · Highest reported compensation $298K · Total expenses $7.6M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.7M · Total expenses $7.6M
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 12%
Fundraising cost ratio 1%
Revenue growth 24%
Investment management fee ratio 0.06%
Legal fee ratio 0.03%
Accounting fee ratio 1.0%

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 · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 26 grants · $1.2M · 2019–2023
Order of the Common LifeOH · FY2023$50,000
Forgotten Initiative INCIL · FY2023$50,000
Thrive Funds INCIN · FY2023$50,000
Settled IncorporatedMN · FY2023$50,000
Hildegard CollegeCA · FY2023$50,000
Scholars of FinanceMN · FY2023$50,000
Greenline Housing FoundationCA · FY2023$50,000
Design Outreach INCOH · FY2023$50,000
Asone MinistriesSD · FY2023$50,000
ArrabonVA · FY2023$50,000
Charityvest INCCT · FY2023$12,000
Unless UAL · FY2022$50,000
Prevention Now INCOR · FY2022$50,000
Missional Labs INCTN · FY2022$50,000
Meto INCDC · FY2022$50,000
Semilla NuevaID · FY2022$50,000
See all 26 grants →

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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
FY2024 (Latest)$8.5M revenue · viewing · ⤓ 990 PDF
FY2023$6.9M revenue · ⤓ 990 PDF
FY2022$5.6M revenue · ⤓ 990 PDF
FY2021$4.2M revenue · ⤓ 990 PDF
FY2020$3.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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