Joydew Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 24,055 | 16,941 | 7,114 | 5.0 | — |
| 2016 | 14,681 | 16,420 | −1,739 | 3.9 | — |
| 2017 | 27,962 | 72,880 | −44,918 | -6.5 | — |
| 2018 | 361,366 | 412,102 | −50,736 | -2.6 | 48% |
| 2019 | 665,921 | 570,349 | 95,572 | 0.1 | 46% |
| 2020 | 714,598 | 664,317 | 50,281 | 1.0 | 38% |
| 2021 | 930,104 | 707,674 | 222,430 | 4.7 | 35% |
| 2022 | 958,462 | 1,255,881 | −297,419 | -0.2 | 40% |
| 2023 | 1,007,294 | 1,686,759 | −679,465 | -5.0 | 47% |
In its most recent public year (2023), this organization spent $679,465 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5 months). Staff pay was 47% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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