Joogalkids Corp

Analysis

Joogalkids Corp is a registered charity in United States, based in Sunny Isl BCH, FL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Joogalkids Corp reported income of $278k and spending of $175k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $278k (+160%), an average of +160% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joogalkids Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Chabad Tokyo Japan ($278k), Christian Fellowship Union Inc ($278k) and Catalyst for Harmony ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (45% of expenses). At year end it held assets of $152k against liabilities of $12k, net assets of $140k.