Joy Company-Joyco

Analysis

Joy Company-Joyco is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joy Company-Joyco reported income of $308k and spending of $301k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $308k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joy Company-Joyco sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Kidz Kare Enterprises ($308k), Hideaway Foundation ($308k) and Casa de Paz ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $92k (30% of expenses). It paid $2,240 in professional fundraising fees. At year end it held assets of $96k against liabilities of $0, net assets of $96k.