Rejoice Ministries Inc

Analysis

Rejoice Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Rejoice Ministries Inc reported income of $114k and spending of $136k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to May 2023, income fell from $200k to $114k (-43%), an average of -13% a year. The sharpest change came in the year to May 2023, when income dropped by 51%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rejoice Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Arlington Philharmonic ($114k), Tooele Valley Academy of Dance ($114k) and Jackalope Theatre Company ($114k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $25k (18% of expenses). Other salaries and wages came to $23k. At year end it held assets of $40k against liabilities of $0, net assets of $40k. It reported 20 employees.