Joni and Friends

Analysis

Joni and Friends is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Joni and Friends reported income of $45.1m and spending of $44.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.9m to $45.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joni and Friends sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Baby2baby ($45.1m), Catholic Charitable Bureau of the Archdiocese of Boston Inc ($45.1m) and Partnership Health Center Inc ($45.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $866k (1.9% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $41.7m against liabilities of $4.2m, net assets of $37.5m. It reported 257 employees.