Joyful Noise Daycare

Analysis

Joyful Noise Daycare is a registered charity in United States, based in Grundy Center, IA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Daycare reported income of $193k and spending of $203k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $221k to $193k (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joyful Noise Daycare sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Blue Ridge School Education Foundation Incorporated ($193k), Seneca Past and Present Inc ($193k) and Penns Youth Initiative ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $55k (27% of expenses). Other salaries and wages came to $110k. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 14 employees.