Praise Broadcasting Network Inc
Praise Broadcasting Network Inc is a private foundation, based in WILMINGTON, NC. IRS filing data is available from 2020 through 2021. In 2021, it awarded 12 grants totaling $150K. Net investment income was $39K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$150K
+1903.3% YoY
Grant Count
12
+1100.0% YoY
Avg Grant Size
$13K
+66.9% YoY
Under IRS private-foundation payout rules, Praise Broadcasting Network Inc reported a distributable amount of $6K for 2021 — the minimum it must pay out in qualifying distributions.
About Praise Broadcasting Network Inc
Based on IRS filings
Praise Broadcasting Network Inc is a private foundation, based in WILMINGTON, NC. IRS filing data is available from 2020 through 2021. In 2021, it awarded 12 grants totaling $150K. Net investment income was $39K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $132,183 |
| Revenue | $46,445 | $1,895 |
| Expenses | $159,645 | $8,994 |
| Qualifying Distributions | $155,876 | — |
| Net Investment Income | $38,542 | $1,307 |
| Distributable Amount | $6,113 | $6,447 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2021
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Voice of Hope ($22,000), Maranantha Ministries ($15,000), Five 14 Church Ministries ($13,249).
| Recipient | Purpose | Amount |
|---|---|---|
| RADIO ENCOUNTER WILMINGTON, NC | TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $12,000 |
| TRANS WORLD RADIO CARY, NC | TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $12,000 |
| CORRIE TEN BOOM FELLOWSHIP - JERUSALEM PRAYER TEAM COLLEYVILLE, TX | TO PRAY FOR THE PEACE OF JERUSALEM | $12,000 |
| VOICE OF HOPE CHARLOTTE, NC | TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $22,000 |
| KIDS AROUND THE WORLD ROCKFORD, IL | TO PROVIDE SAFE PLAY EQUIPMENT FOR CHILDREN THAT FOUND THEMSELVES IN SITUATIONS WHERE IT WAS DIFFICULT TO JUST BE A KID. | $12,000 |
| SAVE OUR KIDS COLUMBIA, SC | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $12,000 |
| MARANANTHA MINISTRIES BAKERSFIELD, CA | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
| FIVE 14 CHURCH MINISTRIES NEW ALBANY, OH | TO LEAD PEOPLE INTO A GROWING RELATIONSHIP WITH JESUS CHRIST | $13,249 |
| JEWS FOR JESUS SAN FRANCISCO, CA | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| SAMARITAN'S PURSE BOONE, NC | TO PROVIDE SPIRITUAL AND PHYSICAL AID TO HURTING PEOPLE AROUND THE WORLD. | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DENNIS ANDERSON | PRESIDENT | 5 | — |
Frequently Asked Questions
Where does Praise Broadcasting Network Inc operate?
Praise Broadcasting Network Inc has awarded grants in California, Illinois, North Carolina, Ohio, Oklahoma, South Carolina, Texas.
What size grants does Praise Broadcasting Network Inc award?
In 2021, Praise Broadcasting Network Inc awarded 12 grants totaling $150K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Praise Broadcasting Network Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Praise Broadcasting Network Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Praise Broadcasting Network Inc's EIN?
Praise Broadcasting Network Inc's EIN (Employer Identification Number) is 56-1465080. IRS Form 990 filing data is available on this page for 2020–2021.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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