Project Joy and Hope for Texas

Analysis

Project Joy and Hope for Texas is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in September 2000, 26 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 April 2023, Project Joy and Hope for Texas reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $807k to $1.3m (+61%), an average of +13% a year. The sharpest change came in the year to April 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Joy and Hope for Texas sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Renewed Strength Inc ($1.3m), Apni Inc ($1.3m) and Western Pennsylvania Diaper Bank ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 85% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $133k (12% of expenses). Other salaries and wages came to $260k. At year end it held assets of $4.6m against liabilities of $98k, net assets of $4.5m. It reported 5 employees.