Joy Ministries

Analysis

Joy Ministries is a registered charity in United States, based in Columbia, KY. It received its IRS tax-exemption ruling in April 2016, 10 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 Ministries reported income of $352k and spending of $142k, leaving 60% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $294k to $352k (+20%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joy Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Mending Wings ($352k), Foundation of the Roman Catholic Diocese of Ogdensburg Inc ($352k) and Ondas de Vida Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (15% of expenses). Other salaries and wages came to $950. At year end it held assets of $643k against liabilities of $0, net assets of $643k. It reported 1 employees.