Joyful Noise Charitable Foundation

Analysis

Joyful Noise Charitable Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joyful Noise Charitable Foundation reported income of $58.3m and spending of $4.4m, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $58.3m (+425%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 575%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joyful Noise Charitable Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include The Pauley Family Foundation ($57.9m), Community Foundation of the Ozarks Inc ($58.3m) and One Tree Planted Inc ($57.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $152.7m against liabilities of $0, net assets of $152.7m.