Joe Phillips Ministries Inc

Analysis

Joe Phillips Ministries Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in August 2014, 12 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, Joe Phillips Ministries Inc reported income of $283k and spending of $283k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $283k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joe Phillips Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Eternal Awakenings ($283k), Cooperative Baptist Fellowship of Virginia Inc ($283k) and Dannie Hood Ministries Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $106k against liabilities of $90k, net assets of $17k.