Pathway to Joy Ministries Inc

Analysis

Pathway to Joy Ministries Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Pathway to Joy Ministries Inc reported income of $463k and spending of $475k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $344k to $463k (+35%), an average of +10% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pathway to Joy Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Small Champions Inc ($463k), Friends of Kyle Library ($463k) and Joyce Uptown Foodshelf ($463k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (25% of expenses). At year end it held assets of $97k against liabilities of $1,530, net assets of $95k. It reported 2 employees.