Oil of Joy Ministries

Analysis

Oil of Joy Ministries is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oil of Joy Ministries reported income of $212k and spending of $219k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $212k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oil of Joy Ministries sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include CCF New York Jewish French Community Center of Ny Inc ($212k), House of Prayer Family Church Inc ($212k) and Sowers Field Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $37k against liabilities of $427, net assets of $36k.

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.