Joy Of Abiding Incorporated
Joy Of Abiding Incorporated experiences significant revenue volatility with no officer compensation reported.
EIN: 202694950 · Irmo, SC · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $5K |
| Program Spending | 85% |
| Net Assets | $31K |
| Transparency Score | 75/100 |
Is Joy Of Abiding Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joy Of Abiding Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joy Of Abiding Incorporated
Joy Of Abiding Incorporated (EIN: 202694950) is a nonprofit organization based in Irmo, SC, classified under NTEE code X20. The organization reported total revenue of $23K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joy Of Abiding Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joy Of Abiding Incorporated is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $5K |
| Surplus / Deficit | $-693 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -15.6% |
| Months of Reserves | 71.5 months |
Financial Health Grade: B
In 2023, Joy Of Abiding Incorporated reported a deficit of $693 with expenses exceeding revenue, holds 71.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Joy Of Abiding Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.5% | -89.7% | -2.2% |
| 2022 | +13.1% | +47.4% | -19.5% |
| 2021 | -14.1% | -24.3% | +10.2% |
| 2020 | -75.9% | -75.8% | -3.1% |
| 2019 | +36.9% | +62.3% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Joy Of Abiding Incorporated with a Mission Score of 75 out of 100 (Good). 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, Joy Of Abiding Incorporated 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 deficit of $693, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's officers do not receive salaries, which is a strong positive for resource allocation given its fluctuating revenue and asset base.
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 Joy Of Abiding Incorporated's IRS 990 filings:
- Significant revenue volatility across years, making financial planning challenging (e.g., $211,323 in 2015 vs. $4,447 in 2023).
- Expenses frequently exceed revenue, leading to net losses in several periods (e.g., 2023, 2022, 2020, 2019, 2017, 2014).
Strengths
The following positive indicators were identified for Joy Of Abiding Incorporated:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and volunteer leadership.
- No reported liabilities across all 13 filings, demonstrating strong debt management.
- Consistent filing of IRS 990 forms, indicating good transparency and compliance.
- Maintained positive assets despite revenue fluctuations, showing some financial resilience.
Frequently Asked Questions about Joy Of Abiding Incorporated
Is Joy Of Abiding Incorporated a legitimate charity?
Joy Of Abiding Incorporated (EIN: 202694950) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $23K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Joy Of Abiding Incorporated spend its money?
Joy Of Abiding Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Joy Of Abiding Incorporated tax-deductible?
Joy Of Abiding Incorporated is registered as a tax-exempt nonprofit (EIN: 202694950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joy Of Abiding Incorporated's spending goes to programs?
Joy Of Abiding Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joy Of Abiding Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Joy Of Abiding Incorporated is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joy Of Abiding Incorporated located?
Joy Of Abiding Incorporated is headquartered in Irmo, South Carolina and files with the IRS under EIN 202694950. It is classified under NTEE code X20.
How many years of IRS 990 filings does Joy Of Abiding Incorporated have?
Joy Of Abiding Incorporated has 13 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 $23K in total revenue.
Is Joy Of Abiding Incorporated financially stable given its revenue fluctuations?
The organization experiences significant revenue fluctuations, from $211,323 in 2015 to $4,447 in 2023. While it has maintained positive assets and no liabilities, consistent periods where expenses exceed revenue (e.g., 2023, 2022) could challenge long-term stability without more consistent funding.
How does Joy Of Abiding Incorporated manage its expenses relative to its income?
Expenses often closely track or slightly exceed revenue, as seen in 2023 ($5,140 expenses vs. $4,447 revenue) and 2022 ($49,938 expenses vs. $42,370 revenue). This suggests a lean operation but also a potential vulnerability to sustained periods of deficit spending.
What is the organization's approach to executive compensation?
Joy Of Abiding Incorporated reports 0% officer compensation in all available filings, indicating that its leadership serves without salary, which is a highly efficient use of donor funds.
Filing History
IRS 990 filing history for Joy Of Abiding Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joy Of Abiding Incorporated's revenue has declined by 85%, moving from $30K to $4K. Total assets increased by 196.3% over the same period, from $10K to $31K. Total functional expenses fell by 87.2%, from $40K to $5K. In its most recent filing year (2023), Joy Of Abiding Incorporated reported a deficit of $693, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $5K | $31K | $0 | — | View 990 |
| 2022 | $42K | $50K | $31K | $0 | — | View 990 |
| 2021 | $37K | $34K | $39K | $0 | — | — |
| 2020 | $44K | $45K | $35K | $0 | — | View 990 |
| 2019 | $181K | $185K | $36K | $0 | — | View 990 |
| 2018 | $132K | $114K | $40K | $0 | — | View 990 |
| 2017 | $195K | $206K | $22K | $0 | — | View 990 |
| 2016 | $55K | $42K | $32K | $0 | — | View 990 |
| 2015 | $211K | $199K | $20K | $0 | — | View 990 |
| 2014 | $38K | $41K | $7K | $0 | — | View 990 |
| 2013 | $44K | $40K | $10K | $0 | — | View 990 |
| 2012 | $131K | $134K | $7K | $0 | — | View 990 |
| 2011 | $30K | $40K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $5K, and assets of $31K (revenue -89.5% year-over-year).
- 2022: Revenue of $42K, expenses of $50K, and assets of $31K (revenue +13.1% year-over-year).
- 2021: Revenue of $37K, expenses of $34K, and assets of $39K (revenue -14.1% year-over-year).
- 2020: Revenue of $44K, expenses of $45K, and assets of $35K (revenue -75.9% year-over-year).
- 2019: Revenue of $181K, expenses of $185K, and assets of $36K (revenue +36.9% year-over-year).
- 2018: Revenue of $132K, expenses of $114K, and assets of $40K (revenue -32.3% year-over-year).
- 2017: Revenue of $195K, expenses of $206K, and assets of $22K (revenue +256.7% year-over-year).
- 2016: Revenue of $55K, expenses of $42K, and assets of $32K (revenue -74.1% year-over-year).
- 2015: Revenue of $211K, expenses of $199K, and assets of $20K (revenue +455.0% year-over-year).
- 2014: Revenue of $38K, expenses of $41K, and assets of $7K (revenue -13.5% year-over-year).
- 2013: Revenue of $44K, expenses of $40K, and assets of $10K (revenue -66.3% year-over-year).
- 2012: Revenue of $131K, expenses of $134K, and assets of $7K (revenue +341.1% year-over-year).
- 2011: Revenue of $30K, expenses of $40K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joy Of Abiding Incorporated:
Data Sources and Methodology
This transparency report for Joy Of Abiding Incorporated 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.