Joytime Ministries
EIN: 462387970 · Brentwood, TN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $92K |
| Net Assets | $42K |
Is Joytime Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joytime Ministries
Joytime Ministries (EIN: 462387970) is a nonprofit organization based in Brentwood, TN, classified under NTEE code X20. The organization reported total revenue of $200K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joytime Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joytime Ministries is a small nonprofit that has been operating for 13 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $92K |
| Surplus / Deficit | $-12,601 |
| Total Assets | $45K |
| Total Liabilities | $3K |
| Net Assets | $42K |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Joytime Ministries reported a deficit of $13K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Joytime Ministries's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +105.1% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joytime Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joytime Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Frequently Asked Questions about Joytime Ministries
Is Joytime Ministries a legitimate charity?
Joytime Ministries (EIN: 462387970) is a registered tax-exempt nonprofit based in Tennessee. It has 2 years of IRS 990 filings on record. Total revenue: $200K. No red flags identified. Financial health grade: B.
How does Joytime Ministries spend its money?
Joytime Ministries reported $200K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Joytime Ministries tax-deductible?
Joytime Ministries is registered as a tax-exempt nonprofit (EIN: 462387970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joytime Ministries located?
Joytime Ministries is headquartered in Brentwood, Tennessee and files with the IRS under EIN 462387970. It is classified under NTEE code X20.
How many years of IRS 990 filings does Joytime Ministries have?
Joytime Ministries has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $200K in total revenue.
Filing History
IRS 990 filing history for Joytime Ministries showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Joytime Ministries's revenue has grown by 2.2%, moving from $78K to $80K. Total assets decreased by 15.9% over the same period, from $54K to $45K. Total functional expenses rose by 105.1%, from $45K to $92K. In its most recent filing year (2023), Joytime Ministries reported a deficit of $13K, with expenses exceeding revenue. The organization holds $3K in liabilities against $45K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $92K | $45K | $3K | — | — |
| 2022 | $78K | $45K | $54K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joytime Ministries:
Data Sources and Methodology
This transparency report for Joytime Ministries 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.