Toys for Joy Inc

Analysis

Toys for Joy Inc is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in January 1994, 32 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, Toys for Joy Inc reported income of $74k and spending of $65k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $74k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toys for Joy Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Stormwater Outreach for Regional Municipalities Storm ($74k), Building Bridges of Hope Inc ($74k) and Angel House Bereavement Center Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.