Joy-Southfield Community Development Corporation

Analysis

Joy-Southfield Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2002, 24 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 2022, Joy-Southfield Community Development Corporation reported income of $325k and spending of $283k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $198k to $325k (+64%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joy-Southfield Community Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Battered Womens Shelter Endownment Fund ($325k), Mid-Illinois Senior Services Inc ($325k) and A Need We Feed Inc ($325k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $59k (21% of expenses). Other salaries and wages came to $105k. At year end it held assets of $122k against liabilities of $5,284, net assets of $117k. It reported 4 employees.