Spread the Joy Foundation

Analysis

Spread the Joy Foundation is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spread the Joy Foundation reported income of $384k and spending of $246k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $427k to $384k (-10%), an average of -10% a year. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spread the Joy Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Postpartum Support Virginia Inc ($383k), Engineers Charitable TR ($384k) and Running Alliance Sport Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $529k against liabilities of $0, net assets of $529k.