Joy of Sharing Foundation

Analysis

Joy of Sharing Foundation is a registered charity in United States, based in Norwalk, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 of Sharing Foundation reported income of $361k and spending of $358k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $403k to $361k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joy of Sharing Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($361k), Safety Management Advocacy Resources Training ($361k) and Myanmar Buddhist Meditation Society ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. It paid $165k in professional fundraising fees. At year end it held assets of $826k against liabilities of $0, net assets of $826k. It reported 3 employees.