Joy Meadows Inc

Analysis

Joy Meadows Inc is a registered charity in United States, based in Basehor, KS. It received its IRS tax-exemption ruling in June 2018, 8 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, Joy Meadows Inc reported income of $1.5m and spending of $801k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $1.5m (+134%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joy Meadows Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Action Toward Independence Inc ($1.5m), 100 Women in Finance Foundation Rehana Farrell ($1.5m) and Advocates for Recovery Colorado ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $278k (35% of expenses). Other salaries and wages came to $130k. At year end it held assets of $5.0m against liabilities of $596k, net assets of $4.4m. It reported 20 employees.