Joycorps Project

Analysis

Joycorps Project is a registered charity in United States, based in Farmington, AR. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Joycorps Project reported income of $577k and spending of $581k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $503k to $577k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Joycorps Project 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 72nd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Ilac Foundation Inc ($577k), International Physicians for the Prevention of Nuclear War ($577k) and Walk in the Light International ($576k).

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 $87k (15% of expenses). Other salaries and wages came to $48k. It paid $7,000 in professional fundraising fees. At year end it held assets of $71k against liabilities of $566, net assets of $70k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.