Peace Love And Joy Inc
Peace Love And Joy Inc: Declining Revenue and Assets Raise Concerns
EIN: 222559525 · Washington, DC · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $13K |
| Program Spending | 75% |
| Net Assets | $126K |
| Transparency Score | 60/100 |
Is Peace Love And Joy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peace Love And Joy Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peace Love And Joy Inc
Peace Love And Joy Inc (EIN: 222559525) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $4K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peace Love And Joy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peace Love And Joy Inc is a micro nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $13K |
| Surplus / Deficit | $-10,060 |
| Total Assets | $126K |
| Total Liabilities | $1 |
| Net Assets | $126K |
| Operating Margin | -385.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.0 months |
Financial Health Grade: B
In 2023, Peace Love And Joy Inc reported a deficit of $10K with expenses exceeding revenue, holds 119.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Peace Love And Joy Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.1% | +29.3% | -7.4% |
| 2022 | +3.8% | -22.9% | -3.1% |
| 2021 | -11.5% | +13.3% | -5.1% |
| 2020 | +31.6% | +36.5% | -3.5% |
| 2019 | -46.0% | +59.9% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Peace Love And Joy Inc with a Mission Score of 60 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Peace Love And Joy Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives.
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 Peace Love And Joy Inc's IRS 990 filings:
- Consistent decline in revenue over the past decade, from $8,358 in 2015 to $4,135 in 2023.
- Steady decrease in total assets, from $172,316 in 2015 to $116,612 in 2023, indicating potential financial instability.
- Total expenses ($12,673 in 2023) significantly exceed revenue ($4,135 in 2023), suggesting reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Peace Love And Joy Inc:
- The organization has maintained a consistent presence since at least 2013, indicating longevity.
- The organization reports 0% lobbying costs, suggesting a focus on direct mission activities rather than political influence.
Frequently Asked Questions about Peace Love And Joy Inc
Is Peace Love And Joy Inc a legitimate charity?
Peace Love And Joy Inc (EIN: 222559525) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $4K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Peace Love And Joy Inc spend its money?
Peace Love And Joy Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Peace Love And Joy Inc tax-deductible?
Peace Love And Joy Inc is registered as a tax-exempt nonprofit (EIN: 222559525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Peace Love And Joy Inc's spending goes to programs?
Peace Love And Joy Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Peace Love And Joy Inc located?
Peace Love And Joy Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 222559525.
How many years of IRS 990 filings does Peace Love And Joy Inc have?
Peace Love And Joy Inc has 10 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 $4K in total revenue.
What does Peace Love And Joy Inc do?
Peace Love And Joy Inc is a nonprofit organization in the Unknown sector, located in Washington, District of Columbia. It is classified under NTEE code Unknown.
How much revenue does Peace Love And Joy Inc have?
Peace Love And Joy Inc reported total revenue of $4,135. Based on 10 IRS 990 filings on record.
What are Peace Love And Joy Inc's total assets?
Peace Love And Joy Inc holds total assets of $116,612 as reported in IRS 990 filings.
Where is Peace Love And Joy Inc located?
Peace Love And Joy Inc is based in Washington, District of Columbia.
What is Peace Love And Joy Inc's EIN?
Peace Love And Joy Inc's Employer Identification Number (EIN) is 222559525. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Peace Love And Joy Inc?
Peace Love And Joy Inc is classified under NTEE code Unknown (Unknown).
Is Peace Love And Joy Inc a registered 501(c)(3)?
Peace Love And Joy Inc appears in IRS records (EIN: 222559525). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Peace Love And Joy Inc file IRS Form 990?
Yes, Peace Love And Joy Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Peace Love And Joy Inc's revenue in 2023?
In the 202312 filing period, Peace Love And Joy Inc reported total revenue of $2,613, total expenses of $12,673, and net assets of $125,664.
Is Peace Love And Joy Inc's revenue growing or declining?
Peace Love And Joy Inc's revenue is declining. Revenue went from $5,458 (202212) to $2,613 (202312), a -52.1% change. Based on 10 filings on record.
What is Peace Love And Joy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Peace Love And Joy Inc covers tax period 202312. It shows revenue of $2,613, expenses of $12,673, total assets of $125,664, and liabilities of $1.
How much does Peace Love And Joy Inc spend on programs vs administration?
Based on IRS 990 analysis, Peace Love And Joy Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Peace Love And Joy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Peace Love And Joy Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Peace Love And Joy Inc?
The following concerns were identified: Consistent decline in revenue over the past decade, from $8,358 in 2015 to $4,135 in 2023.. Steady decrease in total assets, from $172,316 in 2015 to $116,612 in 2023, indicating potential financial instability.. Total expenses ($12,673 in 2023) significantly exceed revenue ($4,135 in 2023), suggesting reliance on reserves or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Peace Love And Joy Inc's strengths?
Positive indicators for Peace Love And Joy Inc include: The organization has maintained a consistent presence since at least 2013, indicating longevity.. The organization reports 0% lobbying costs, suggesting a focus on direct mission activities rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Peace Love And Joy Inc compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in both revenue and assets, what is the organization's long-term financial sustainability strategy?
The provided data indicates a concerning trend of expenses consistently exceeding revenue, leading to a depletion of assets. Without additional information on funding sources or strategic changes, the long-term financial sustainability is questionable.
How does the organization plan to address the significant gap between its total expenses and its revenue, as seen in 2023 ($12,673 expenses vs. $4,135 revenue)?
The organization appears to be operating at a deficit, covering expenses by drawing down its assets. A clear strategy for increasing revenue or significantly reducing expenses is needed to avoid further asset depletion.
Filing History
IRS 990 filing history for Peace Love And Joy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Peace Love And Joy Inc's revenue has grown by 301.4%, moving from $651 to $3K. Total assets decreased by 39.7% over the same period, from $208K to $126K. Total functional expenses rose by 130%, from $6K to $13K. In its most recent filing year (2023), Peace Love And Joy Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $126K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $13K | $126K | $1 | — | — |
| 2022 | $5K | $10K | $136K | $1 | — | — |
| 2021 | $5K | $13K | $140K | $1 | — | — |
| 2020 | $6K | $11K | $148K | $1 | — | — |
| 2019 | $5K | $8K | $153K | $1 | — | View 990 |
| 2015 | $8K | $5K | $172K | $1 | — | View 990 |
| 2014 | $2K | $9K | $169K | $1 | — | View 990 |
| 2013 | $259 | $16K | $176K | $1 | — | View 990 |
| 2012 | $335 | $16K | $192K | $1 | — | View 990 |
| 2011 | $651 | $6K | $208K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $13K, and assets of $126K (revenue -52.1% year-over-year).
- 2022: Revenue of $5K, expenses of $10K, and assets of $136K (revenue +3.8% year-over-year).
- 2021: Revenue of $5K, expenses of $13K, and assets of $140K (revenue -11.5% year-over-year).
- 2020: Revenue of $6K, expenses of $11K, and assets of $148K (revenue +31.6% year-over-year).
- 2019: Revenue of $5K, expenses of $8K, and assets of $153K (revenue -46.0% year-over-year).
- 2015: Revenue of $8K, expenses of $5K, and assets of $172K (revenue +282.9% year-over-year).
- 2014: Revenue of $2K, expenses of $9K, and assets of $169K (revenue +742.9% year-over-year).
- 2013: Revenue of $259, expenses of $16K, and assets of $176K (revenue -22.7% year-over-year).
- 2012: Revenue of $335, expenses of $16K, and assets of $192K (revenue -48.5% year-over-year).
- 2011: Revenue of $651, expenses of $6K, and assets of $208K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peace Love And Joy Inc:
Data Sources and Methodology
This transparency report for Peace Love And Joy 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.