Joy in Childhood Foundation Inc

Analysis

Joy in Childhood Foundation Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Joy in Childhood Foundation Inc reported income of $14.5m and spending of $12.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $14.5m (+145%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joy in Childhood Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Licking County Foundation ($14.5m), Heritage Classic Foundation ($14.5m) and Hamilton Community Foundation Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $9.1m against liabilities of $2.4m, net assets of $6.7m.