Joy Culture Foundation

Analysis

Joy Culture Foundation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in September 2020, 6 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 Culture Foundation reported income of $795k and spending of $349k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $100k to $795k (+695%), an average of +100% a year. The sharpest change came in the year to December 2021, when income rose by 492%. Over the whole period it spent 34% 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 Culture Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Metropolitan Club Preservation Foundation ($794k), Community Center for the Prforming ($795k) and Studio School of Music ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.