Joy for Generations Inc

Analysis

Joy for Generations Inc is a registered charity in United States, based in Trenton, TN. It received its IRS tax-exemption ruling in July 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 for Generations Inc reported income of $192k and spending of $216k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $192k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 78% 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 for Generations Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Nebraska Coalition for Life Saving Cures ($192k), The Canton-Madison County Historical Society ($192k) and Youth Chorale of Central Minnesota ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $49k (23% of expenses). At year end it held assets of $318k against liabilities of $0, net assets of $318k. It reported 4 employees.