24-7 Prayer USA EIN 83-0428051 Form 990 (PDF) Claim this org

24-7 Prayer USA

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Mobilizes churches for prayer, mission, and justice to reconcile the world to God. For fiscal year 2024 it reported $760K in revenue, $666K in expenses, and $224K in net assets.Pt I

Type
Religious organization · Religion
Location
Tulsa, OK
Website
24-7prayer.com
Filings
5 on file (2020–2024)
Revenue
$760KFY2024
Expenses
$666K
Net assets
$224K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0428051 Religious organization Tulsa, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Mobilizes churches for prayer, mission, and justice to reconcile the world to God.
Leadership
Roger Nix · Treasurer
Money in and out
$760K revenue, $666K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$666K
Pt IX · Ln 25
Net assets
$224K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $95K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program efficiency
78%
of spending reaches programs▲ +14% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -47% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$760K
FY2024▲ +59%
Expenses
$666K
FY2024▲ +82%
Total assets
$232K
FY2024▲ +35%
Total liabilities
$8K
FY2024▼ -4%
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$666K
Pt IX · Ln 25
Net assets
$224K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$95K
Total assetsPt X · Ln 16$232K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C24-7 Prayer USA
EINHdr · item D83-0428051
Principal addressHdr · item CTulsa, OK
WebsiteHdr · item J24-7prayer.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJul 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $520K of program spending, described in the organization's own filed words · FY2024.
01

24-7 Prayer USA is a prayer movement that exists to inspire, equip, and mobilize people to an awakened prayer life. We define an awakened prayer life as inner spiritual vibrancy that comes through intimacy with God leading to outward missional living expressed in compassion, evangelism, and justice.

$520Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$637K · 84%
Program service revenue$123K · 16%
Contributions & grants84%$637K
Program service revenue16%$123K
Total revenueLn 12$760K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$520K
Management & general16%$107K
Fundraising6%$39K
Total functional expensesLn 25$666K

Balance Sheet

Part X · end of year
CashLn 1$232K
Total assetsLn 16$232K
Total liabilitiesLn 26$8K
Total net assetsLn 32$224K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $232K · Operating expenses/yr $666K
4.2 months
Where the money goes
Program services
Program services $520K · Total expenses $666K
78%
Management & General
Management & general $107K · Total expenses $666K
16%
Fundraising
Fundraising $39K · Total expenses $666K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $450K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $637K · Total revenue $760K
84%
Government reliance
Government grants — · Total revenue $760K
Earned-income share
Program service revenue $123K · Total revenue $760K
16%
Investment reliance
Investment income $0 · Total revenue $760K
0%
Program self-sufficiency
Program service revenue $123K · Total expenses $666K
19%
Growth & trend
Revenue growth (YoY)
This year $760K · Prior year $478K
+59%
Revenue CAGR
FY2020 $244K · FY2024 $760K
+33%
Net-asset trend (YoY)
End of year $224K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $760K · Expenses $666K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $232K
Net-asset ratio
Net assets $224K · Total assets $232K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $232K
0%
People & payroll
Highest Reported Total Compensation
Individual Roger Nix · Reported title Treasurer · Highest reported compensation $0 · Total expenses $666K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $299K · Total expenses $666K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 6%
Revenue growth 59%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 0%
Fundraising fee ratio 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 · 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
FY2024 (Latest)$760K revenue · viewing · ⤓ 990 PDF
FY2023$478K revenue · ⤓ 990 PDF
FY2022$364K revenue · ⤓ 990 PDF
FY2021$155K revenue · ⤓ 990 PDF
FY2020$244K 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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