Fathers Joy Inc

Analysis

Fathers Joy Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2014, 12 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fathers Joy Inc reported income of $89k and spending of $67k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $89k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fathers Joy Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Pacific Retirement Services Foundation Inc ($89k), Zimrah Vuchesed Inc ($89k) and Gregg Richards Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.