Hearts of Joy International Corp

Analysis

Hearts of Joy International Corp is a registered charity in United States, based in Hillsdale, NJ. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hearts of Joy International Corp reported income of $263k and spending of $276k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $157k to $263k (+68%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts of Joy International Corp sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Isaacs Dream Inc ($263k), Pangea Educational Development Group ($263k) and Among Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (30% of expenses). Other salaries and wages came to $21k. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 1 employees.