Joyful Noise Inc

Analysis

Joyful Noise Inc is a registered charity in United States, based in West Warwick, RI. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joyful Noise Inc reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $1.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joyful Noise Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within RI. Charities of a similar size with the same main cause include Construyendo Futuros Inc ($1.2m), Southern California Hospice Foundation ($1.2m) and Land Academy ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $266k (21% of expenses). Other salaries and wages came to $632k. At year end it held assets of $585k against liabilities of $23k, net assets of $562k. It reported 27 employees.