Jay Stone Singers Inc

Analysis

Jay Stone Singers Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in November 2007, 19 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, Jay Stone Singers Inc reported income of $54k and spending of $64k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $54k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jay Stone Singers Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Deborahs Messianic Ministries Evangelistic and Teaching Asso in ($54k), Cyrus Foundation Inc ($54k) and Pathfinder Mission ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $4,360 against liabilities of $12k, net assets of -$7,650.