Precept
Precept reported $23.1 million in revenue and $11.8 million in expenses for calendar year 2025. Of every $100 it spent, $77.87 went to program services, $17.08 to management and general costs and $5.05 to fundraising. Its largest source of revenue was investment income: 44.4% of the total. The highest compensation it reported for one person was $245,612 (CEO, President). 11 people received more than $100,000 in reportable compensation. Revenue rose 99% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.9% | 86.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.1% | 9.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.1% | 1.9% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.9% | 83.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.6% | 2.3% |
| Highest reported compensation Part VII-A, columns D–F | $245,612 | $276,040 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.08% | 1.40% |
| People paid over $100,000 Part VII, line 2 | 11 | 4 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.4 | 12.7 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 90.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseThe Ministry is a religious organization that operates primarily by forming, facilitating and supporting groups of individuals who assemble regularly for communal worship. More specifically, the principal means by which the Ministry accomplishes its mission is to facilitate small groups (or congregations) of individuals who meet regularly to engage in Bible study and other worship activities (including prayer and fellowship) in accordance with the Ministry's religious beliefs. The Ministry currently has over 50,000 such groups meeting regularly in over 150 countries. The Ministry uses printed…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO, President Officer, 40.00 hrs/week | $212,252 | $0 | $33,360 | $245,612 |
| Executive Director Officer, 40.00 hrs/week | $193,853 | $0 | $33,850 | $227,703 |
| EVP Operations & Finance Key employee, 40.00 hrs/week | $179,696 | $0 | $38,997 | $218,693 |
| VP, HR Highest compensated employee, 40.00 hrs/week | $136,047 | $0 | $10,341 | $146,388 |
| RDD Texas Highest compensated employee, 40.00 hrs/week | $121,593 | $0 | $19,093 | $140,686 |
| Director, Production & Fac Highest compensated employee, 40.00 hrs/week | $119,285 | $0 | $11,835 | $131,120 |
| EVP Marketing Highest compensated employee, 40.00 hrs/week | $112,265 | $0 | $9,284 | $121,549 |
| VP International Ministry Highest compensated employee, 40.00 hrs/week | $111,364 | $0 | $5,665 | $117,029 |
11 people received more than $100,000 in reportable compensation from Precept (Part VII, line 2). Compensation of current officers, directors and key employees totaled $694K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 570
- Volunteers Part I, line 68
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| Angle Health Medical Insurance Plan Administration | $724,826 |
| Dockins Graphics Inc Printing | $411,093 |
| UPS Shipping | $231,891 |
| UPS Mail Innovations Shipping | $223,328 |
| Walker360 Printing & Mail Services | $212,326 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Precept totaling $199K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Precept's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Precept, you can publish a response that is linked from this page.
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Of every $100 Precept spent in 2025, $77.87 went to programs. The full breakdown, from its IRS Form 990:
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All religion-related charities · Largest charities in Tennessee
Questions people ask
How much of Precept's spending goes to programs?
In calendar year 2025, Precept reported that 77.9% of its $11.8 million in expenses went to program services, 17.1% to management and general and 5.1% to fundraising (Form 990, Part IX).
How much does Precept pay its top executive?
The largest total compensation Precept reported for one person in calendar year 2025 was $245,612, for the role of CEO, President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Precept get its money?
Of $23.1 million in revenue in calendar year 2025, 38.9% came from contributions and grants and 0.6% from program service revenue (Form 990, Part VIII).
Is Precept a registered charity?
The IRS lists EIN 62-0841438 as a 501(c)(3) organization (church), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202601979349301400 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202502119349301550 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442959349301499 · read the filing
- 2022: Form 990 for calendar year 2022, object 202311309349301801 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242799349300534 · read the filing
- 2020: Form 990 for calendar year 2020, object 202131349349302573 · read the filing
- 2019: Form 990 for calendar year 2019, object 202001819349301310 · read the filing
All filings for EIN 62-0841438: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.