Mary Joy Charity Inc

Nonprofit profile at a glance

EIN
474527342
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024, Form 990-N 2019
Location
Washington, DC, USA
Phone
2028005657
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
International Relief

Official website

Reported finances

Revenue
$79,091
Expenses
$81,831
Assets
$2,233
Liabilities
$3,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • HENOK TESFAYE (OFFICER)
  • KETSELA TEKLETSADIK (OFFICER)
  • ALLAN EBERT (OFFICER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mary joy USA is primarily focused on initiatives that will improve lives and eliminate ethiopian homelessness, which includes the following objectives: welcome: we welcome all those who enter our community and respect their dignity, privacy, and worthiness. Respect: we respect and value people of all backgrounds. Innovation: we embrace continuous improvement, bold creativity, and change. Collaboration: we carry the load together by building purposeful relationships grounded in partnerships. Transparency: we take ownership of our work without exception. We are accountable by measuring ourselves against the highest standards of integrity and fiscal responsibility.

What it reported doing in 2024

To serve ethiopians who are homeless or at-risk of homelessness through programs, partnerships, and resources designed to break the cycle of homelessness. Our objectives are to help young people have the opportunity to attend school, receive valuable and hard-to-get health care and better nutrition for a healthy life.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 25
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.1%; rating input score 25
  • Program expense ratio: 24.2%; rating input score 24

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -3.5%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 1.34; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 19.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: -83.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -63% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 25.1% of revenue deployed · 24.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $20K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 25/100.
  • High — Financial Efficiency: Program expense ratio scored 24/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.