Joyce Network Inc

Analysis

Joyce Network Inc is a registered charity in United States, based in Shelbyville, IN. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Joyce Network Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $4.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to September 2023, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joyce Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Opportunity Resource Fund ($4.0m), Massachusetts Assoc of Council on Aging & Senior Ctr Directors Inc ($4.0m) and Child Protective Services Community Partners Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (2.2% of expenses). Other salaries and wages came to $112k. At year end it held assets of $334k against liabilities of $311k, net assets of $23k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.