Joy of Giving

Analysis

Joy of Giving is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Giving reported income of $74k and spending of $450k, spending 606% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.5m to $74k (-95%), an average of -64% a year. The sharpest change came in the year to December 2023, when income rose by 1461%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joy of Giving sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 14th percentile within DC. Charities of a similar size with the same main cause include Associate Members of Old Mill Village Museum Inc ($74k), Gateway City Live Org Inc ($74k) and Artemisia Foundation ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.