Oil of Joy Ministries 11 Inc

Analysis

Oil of Joy Ministries 11 Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1995, 31 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Oil of Joy Ministries 11 Inc reported income of $293k and spending of $316k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $218k to $293k (+34%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oil of Joy Ministries 11 Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($293k), Hopewell Fire Department ($293k) and Ohio Council of Information and Referral Providers ($293k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.