Joy Faith Ministries International

Analysis

Joy Faith Ministries International is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in March 2024, 2 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, Joy Faith Ministries International reported income of $108k and spending of $108k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $95k to $108k (+13%), an average of +4.1% a year. Over the whole period it spent 157% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joy Faith Ministries International sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Renaissance Inc ($108k), Alpha Restoration and Ministries ($108k) and Next Step Ministries ($108k).

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 $46k against liabilities of -$221k, net assets of $267k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.