Joyj Initiative

Analysis

Joyj Initiative is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Joyj Initiative reported income of $97k and spending of $71k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $867k to $97k (-89%), an average of -66% a year. The sharpest change came in the year to December 2022, when income dropped by 94%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joyj Initiative sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Cartwheelri ($97k), Fiona Jackson Center for Pregnancy Inc ($97k) and St Thomas Episcopal Church Thrift Store Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $142k against liabilities of $10k, net assets of $132k.