Songs of Joy Ministries Inc

Analysis

Songs of Joy Ministries Inc is a registered charity in United States, based in Lillington, NC. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Songs of Joy Ministries Inc reported income of $51k and spending of $50k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $51k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Songs of Joy Ministries Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Christmas Honors ($51k), Because of Kennedy Inc ($51k) and Young Heros Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,950 against liabilities of $0, net assets of $6,950.