Joyful Heart Foundation

Analysis

Joyful Heart Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover human services, 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, Joyful Heart Foundation reported income of $2.0m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.0m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joyful Heart Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Build-A-Bear Foundation Inc ($2.0m), Bay Area Women Leader Network ($2.0m) and Child Nutrition Service Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $378k (22% of expenses). Other salaries and wages came to $357k. It paid $37k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $100k, net assets of $5.3m. It reported 6 employees.