Precept

Chattanooga, TN, US
501(c)(3)
EIN
62-0841438
Logo for "Precept"
Chattanooga, TN, US
501(c)(3)
EIN
62-0841438

Overview

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Est.

1970

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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Precept is a nonprofit organization dedicated to engaging people in a relationship with God through the study of His Word, primarily within the realm of Christianity. With an operating budget of $10.3 million and total revenue of $11 million for the filing year 2024, the organization benefits from a diverse range of funding sources, none of which constitute 50% or more of its revenue. More information can be found on their website at www.precept.org.

Mission Statement

Engaging people in relationship with God through knowing His Word
Revenues

$11M

Expenses

$13.7M

Net Income:
-$2.7M
Assets

$4.8M

Liabilities

$978.1K

Net Assets:
+$3.9M
Operating Budget

$10.3M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

14

Median grant size
$15.3K
Largest grant received
$370.9K
K
Ken Bowers
Board Member
K
Kay Arthur
Board Member
K
Ken Guise
Board Member

Frequently Asked Questions

What is Precept’s budget?
In 2024, Precept reported an annual operating budget of around $10.3 million. More detailed financial information is available to registered users.
What causes does Precept support?
Precept supports work in Christianity and Religion.
Where does Precept operate?
Precept is headquartered in Chattanooga, TN.
Who funded Precept recently?
In 2025, Precept received grants from COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, RAYMOND JAMES CHARITABLE ENDOWMENT FUND, and THE BOLICK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Precept received in 2024?
The largest grant to Precept in 2024 exceeds $371 thousand.
Overview
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