Praise Communications INC EIN 54-1265420 Form 990 (PDF) Claim this org

Praise Communications INC

Not yet claimed Claim this org →

Broadcasts gospel music and messages online and via FM radio. For fiscal year 2025 it reported $213K in revenue, $251K in expenses, and $78K in net assets.Pt I

Founded
1982
Type
Public charity (501(c)(3)) · Nonprofit
Location
Culpeper, VA
Website
www.wprz.org
Filings
6 on file (2020–2025)
Revenue
$213KFY2025
Expenses
$251K
Net assets
$78K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  54-1265420 Public charity (501(c)(3)) Culpeper, VA Founded 1982
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Praise Communications INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Broadcasts gospel music and messages online and via FM radio.
Leadership
Steve Buchanan · President (until 10/6/25) · $30K
Money in and out
$213K revenue, $251K expenses
Bottom line
69% program efficiency
Where the money goes · FY2025
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$38K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.28 Fundraising $0.03
Program efficiency
69%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -179% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$213K
FY2025▼ -35%
Expenses
$251K
FY2025▼ -1%
Total assets
$78K
FY2025▼ -33%
Total liabilities
$516
FY2025▼ -67%
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$38K
Total assetsPt X · Ln 16$78K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPraise Communications INC
EINHdr · item D54-1265420
Principal addressHdr · item CCulpeper, VA
WebsiteHdr · item Jwww.wprz.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (until 10/6/25)
$29,800Pt VII · Sec A
$24,600Pt VII · Sec A
$0Pt VII · Sec A
President (eff 11/21/25)
$0Pt VII · Sec A
Director (eff 10/30/25)
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2020
Steve Buchanan$29,800$40,785$43,940$43,940$43,940
Sally Lbuchanandecd 122220$41,600
Shannon Pollard$24,600$21,200$20,800$20,400

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.

See Praise Communications INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $173K of program spending, described in the organization's own filed words · FY2025.
01

Broadcasts of gospel music and gospel messages over the internet and 88.1 FM.

$173Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$156K · 73%
Program service revenue$54K · 25%
Other revenue$3K · 1%
Contributions & grants73%$156K
Program service revenue25%$54K
Other revenue1%$3K
Total revenueLn 12$213K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.28 Fundraising $0.03
Program services69%$173K
Management & general28%$70K
Fundraising3%$8K
Total functional expensesLn 25$251K

Balance Sheet

Part X · end of year
CashLn 1$43K
Total assetsLn 16$78K
Total liabilitiesLn 26$516
Total net assetsLn 32$78K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43K · Operating expenses/yr $251K
2.0 months
Where the money goes
Program services
Program services $173K · Total expenses $251K
69%
Management & General
Management & general $70K · Total expenses $251K
28%
Fundraising
Fundraising $8K · Total expenses $251K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $217K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $156K · Total revenue $213K
73%
Government reliance
Government grants — · Total revenue $213K
Earned-income share
Program service revenue $54K · Total revenue $213K
25%
Investment reliance
Investment income $0 · Total revenue $213K
0%
Program self-sufficiency
Program service revenue $54K · Total expenses $251K
22%
Growth & trend
Revenue growth (YoY)
This year $213K · Prior year $328K
-35%
Revenue CAGR
FY2020 $295K · FY2025 $213K
-6%
Net-asset trend (YoY)
End of year $78K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $213K · Expenses $251K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $78K
Net-asset ratio
Net assets $78K · Total assets $78K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $78K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Buchanan · Reported title PRESIDENT (UNTIL 10/6/25) · Highest reported compensation $30K · Total expenses $251K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $251K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 28%
Fundraising cost ratio 5%
Revenue growth -35%

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 · FY2023
Total grants receivedfrom 1 funder$135

Similar Organizations

Closest in mission — by what they do
See all organizations like Praise Communications INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$213K revenue · viewing · ⤓ 990 PDF
FY2024$328K revenue · ⤓ 990 PDF
FY2023$286K revenue · ⤓ 990 PDF
FY2022$253K revenue · ⤓ 990 PDF
FY2021$266K revenue · ⤓ 990 PDF
FY2020$295K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.