My Joyful Heart NFP

Analysis

My Joyful Heart NFP is a registered charity in United States, based in Mokena, IL. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, My Joyful Heart NFP reported income of $267k and spending of $283k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $267k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Joyful Heart NFP 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 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Minnesota Hundred Club ($267k), Christian McCaffrey Foundation ($267k) and Ginn Foundation ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $33k (12% of expenses). Other salaries and wages came to $75k. At year end it held assets of $318k against liabilities of $3,836, net assets of $314k. It reported 5 employees.