House of Joy Inc

Analysis

House of Joy Inc is a registered charity in United States, based in Zebulon, NC. It received its IRS tax-exemption ruling in April 2003, 23 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, House of Joy Inc reported income of $109k and spending of $99k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $109k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Joy Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Olde Towne Preservation Association of North Augusta ($109k), Friends of the Childrens Network of Stark County Inc ($109k) and Christmas Shoes ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $541k against liabilities of $1,655, net assets of $539k.