Joy Engine Inc

Analysis

Joy Engine Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Engine Inc reported income of $84k and spending of $531k, spending 632% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $84k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 335%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joy Engine Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include Aes World Languages and Cultures Institute Inc ($84k), Forks Timber Museum ($84k) and The Syracuse Sounds of Music Association Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $87k (16% of expenses). Other salaries and wages came to $4,367. At year end it held assets of $2.2m against liabilities of $26k, net assets of $2.2m. It reported 1 employees.