Foundation for Joy

Analysis

Foundation for Joy is a registered charity in United States, based in Millcreek, UT. It received its IRS tax-exemption ruling in October 2021, 5 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, Foundation for Joy reported income of $318k and spending of $320k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $465k to $318k (-32%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Joy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Community Energy Fund of Lincoln County ($318k), Life After Meth Inc ($318k) and Trails of Purpose ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 3.5% of the total. At year end it held assets of $501k against liabilities of $3,230, net assets of $498k.