Joseph Storehouse Ministries Inc
Joseph Storehouse Ministries Inc shows fluctuating revenue with no reported officer compensation and growing assets.
EIN: 205013990 · Woodbridge, VA · NTEE: X21 · Updated: 2026-03-28
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Joseph Storehouse Ministries Inc is mapped to EIN 205013990.
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12 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $921K |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $590K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Joseph Storehouse Ministries Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Joseph Storehouse Ministries Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Joseph Storehouse Ministries Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $1.6M and expenses of $1.5M.
Revenue and Expenses
Joseph Storehouse Ministries Inc reported $1.6M in revenue and $1.5M in expenses, a surplus of $113K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Joseph Storehouse Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.3M (85%) |
Across stored filings, Joseph Storehouse Ministries Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Religion context |
Trust Check
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Woodbridge, VA nonprofitsReligion in Virginia
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Joseph Storehouse Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph Storehouse Ministries Inc
Joseph Storehouse Ministries Inc (EIN: 205013990) is a nonprofit organization based in Woodbridge, VA, classified under NTEE code X21. The organization reported total revenue of $921K and total assets of $811K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph Storehouse Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph Storehouse Ministries Inc is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$113K |
| Total Assets | $935K |
| Total Liabilities | $345K |
| Net Assets | $590K |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 36.9% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Joseph Storehouse Ministries Inc reported a surplus of $113K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 36.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Joseph Storehouse Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.2% | -26.2% | -9.6% |
| 2022 | +51.9% | +10.0% | +72.3% |
| 2021 | +3.8% | +28.6% | -23.9% |
| 2020 | -20.4% | -26.0% | +160.8% |
| 2019 | -2.4% | -4.8% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joseph Storehouse Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Joseph Storehouse Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries or other compensation are paid to its officers. This is a strong positive for donor confidence and suggests a volunteer-led or very lean executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Joseph Storehouse Ministries Inc's IRS 990 filings:
- Significant revenue decline from $2,567,253 in 2022 to $1,636,741 in 2023, which could impact future program capacity.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data makes a precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Joseph Storehouse Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Strong asset growth from $112,373 in 2014 to $935,161 in 2023, enhancing financial stability.
- Long history of IRS 990 filings (12 periods), demonstrating commitment to transparency and compliance.
- Expenses generally track closely with revenue, suggesting funds are actively used for mission-related activities rather than excessive accumulation.
Frequently Asked Questions about Joseph Storehouse Ministries Inc
Is Joseph Storehouse Ministries Inc a legitimate charity?
Joseph Storehouse Ministries Inc (EIN: 205013990) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $921K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Joseph Storehouse Ministries Inc spend its money?
Joseph Storehouse Ministries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Joseph Storehouse Ministries Inc tax-deductible?
Joseph Storehouse Ministries Inc is registered as a tax-exempt nonprofit (EIN: 205013990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joseph Storehouse Ministries Inc's spending goes to programs?
Joseph Storehouse Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joseph Storehouse Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Joseph Storehouse Ministries Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joseph Storehouse Ministries Inc located?
Joseph Storehouse Ministries Inc is headquartered in Woodbridge, Virginia and files with the IRS under EIN 205013990. It is classified under NTEE code X21.
How many years of IRS 990 filings does Joseph Storehouse Ministries Inc have?
Joseph Storehouse Ministries Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $921K in total revenue.
Is Joseph Storehouse Ministries Inc a good charity?
Based on the provided data, Joseph Storehouse Ministries Inc appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, which suggests a high dedication to program spending and minimal overhead in leadership salaries. Its assets have also grown significantly over the past decade, indicating financial stability.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated, peaking at $2,567,253 in 2022 and then decreasing to $1,636,741 in 2023. This represents a notable decline in the most recent year.
What is the organization's approach to executive compensation?
Joseph Storehouse Ministries Inc has consistently reported 0% officer compensation across all 12 available IRS 990 filings, indicating that its officers do not receive salaries or other forms of compensation from the organization.
Filing History
IRS 990 filing history for Joseph Storehouse Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Joseph Storehouse Ministries Inc's revenue has grown by 15.1%, moving from $1.4M to $1.6M. Total assets increased by 2460.4% over the same period, from $37K to $935K. Total functional expenses rose by 9.2%, from $1.4M to $1.5M. In its most recent filing year (2023), Joseph Storehouse Ministries Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $345K in liabilities against $935K in assets (debt-to-asset ratio: 36.9%), resulting in net assets of $590K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $935K | $345K | — | — |
| 2022 | $2.6M | $2.1M | $1.0M | $366K | — | View 990 |
| 2021 | $1.7M | $1.9M | $600K | $309K | — | View 990 |
| 2020 | $1.6M | $1.5M | $789K | $461K | — | View 990 |
| 2019 | $2.0M | $2.0M | $303K | $132K | — | View 990 |
| 2018 | $2.1M | $2.1M | $260K | $166K | — | View 990 |
| 2017 | $2.3M | $2.3M | $264K | $193K | — | View 990 |
| 2016 | $2.3M | $2.2M | $364K | $192K | — | View 990 |
| 2015 | $2.1M | $2.0M | $130K | $81K | — | View 990 |
| 2014 | $2.2M | $2.2M | $112K | $154K | — | View 990 |
| 2012 | $1.9M | $1.8M | $83K | $331K | — | View 990 |
| 2011 | $1.4M | $1.4M | $37K | $670K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $935K (revenue -36.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.1M, and assets of $1.0M (revenue +51.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $600K (revenue +3.8% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $789K (revenue -20.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $303K (revenue -2.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $260K (revenue -6.9% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $264K (revenue -2.0% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $364K (revenue +8.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $130K (revenue -5.8% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $112K (revenue +18.2% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $83K (revenue +33.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph Storehouse Ministries Inc:
Data Sources and Methodology
This transparency report for Joseph Storehouse Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.