Joyful Word Ministries

Analysis

Joyful Word Ministries is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Joyful Word Ministries reported income of $265k and spending of $270k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $265k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joyful Word Ministries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Lubavitch Center of Essex County ($265k), Matt Clayton Ministriesinternational Inc ($265k) and Satsang America ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $71k (26% of expenses). Other salaries and wages came to $85k. At year end it held assets of $27k against liabilities of $7,140, net assets of $20k. It reported 2 employees.