Joydew Foundation

Analysis

Joydew Foundation is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Joydew Foundation reported income of $1.0m and spending of $1.7m, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $1.0m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joydew Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Smile Network International ($1.0m), Care Coalition ($1.0m) and Twin Palms Recovery Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $465k (28% of expenses). Other salaries and wages came to $321k. At year end it held assets of $2.0m against liabilities of $2.7m, net assets of -$699k. It reported 14 employees.