Joy Development School

Analysis

Joy Development School is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Joy Development School reported income of $11.0m and spending of $8.8m, leaving 20% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $7.6m to $11.0m (+44%), an average of +9.6% a year. The sharpest change came in the year to July 2020, when income rose by 21%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joy Development School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Oakland Military Institute College Preparatory Academy ($11.0m), Seattle Childrens Theatre Association ($11.0m) and American Antiquarian Society ($11.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $391k (4.5% of expenses). Other salaries and wages came to $4.7m. It paid $95k in professional fundraising fees. At year end it held assets of $33.4m against liabilities of $10.5m, net assets of $22.9m. It reported 89 employees.