Joyful Noise Child Development Centers Inc

Analysis

Joyful Noise Child Development Centers Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joyful Noise Child Development Centers Inc reported income of $6.1m and spending of $6.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.1m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joyful Noise Child Development Centers Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Greater Susquehanna Valley YMCA ($6.1m), Youth Tennis San Diego ($6.1m) and Artspace Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $153k (2.3% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $1.6m against liabilities of $25k, net assets of $1.5m. It reported 129 employees.