Resounding Joy Inc

Analysis

Resounding Joy Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover health care, 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 2022, Resounding Joy Inc reported income of $664k and spending of $593k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $566k to $664k (+17%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Resounding Joy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Saint Thomas Home Health ($664k), Floating Doctors Inc ($664k) and Foundations in Recovery Inc ($664k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $347k. At year end it held assets of $351k against liabilities of $101k, net assets of $250k. It reported 11 employees.