The Joy Fund Foundation

Analysis

The Joy Fund Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, The Joy Fund Foundation reported income of $215k and spending of $194k, spending 90% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $196k to $215k (+9.5%), an average of +1.8% a year. The sharpest change came in the year to July 2024, when income rose by 67%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Joy Fund Foundation 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 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include The Healthcare Council Inc ($215k), Merrimack Valley Immigrant and Education Center Inc ($215k) and Broken Wall Project ($215k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.