Designed For Joy
EIN: 822093018 · Raleigh, NC · NTEE: X20
Is Designed For Joy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Designed For Joy
Designed For Joy (EIN: 822093018) is a nonprofit organization based in Raleigh, NC, classified under NTEE code X20. The organization reported total revenue of $1.4M and total assets of $439K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Designed For Joy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Designed For Joy is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 46.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $846K |
| Total Expenses | $784K |
| Surplus / Deficit | +$63K |
| Total Assets | $382K |
| Total Liabilities | $45K |
| Net Assets | $337K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Designed For Joy reported a surplus of $63K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Designed For Joy's revenue has grown at a compound annual growth rate (CAGR) of 46.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +17.3% | +26.8% |
| 2022 | +20.3% | +23.3% | +67.0% |
| 2021 | +86.3% | +83.0% | +130.6% |
| 2020 | +157.5% | +80.2% | +430.9% |
| 2019 | +7.7% | +40.2% | -72.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Designed For Joy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Designed For Joy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.8%.
Frequently Asked Questions about Designed For Joy
Is Designed For Joy a legitimate charity?
Based on AI analysis of IRS 990 filings, Designed For Joy (EIN: 822093018) insufficient data. 0 red flags identified, 0 strengths noted.
How does Designed For Joy spend its money?
Detailed spending breakdown data is not yet available for Designed For Joy. Check back for updated IRS 990 analysis.
Are donations to Designed For Joy tax-deductible?
Designed For Joy is registered as a tax-exempt nonprofit (EIN: 822093018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Designed For Joy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Designed For Joy's revenue has grown by 572.5%, moving from $126K to $846K. Total assets increased by 618.3% over the same period, from $53K to $382K. Total functional expenses rose by 568.6%, from $117K to $784K. In its most recent filing year (2023), Designed For Joy reported a surplus of $63K, with revenue exceeding expenses. The organization holds $45K in liabilities against $382K in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $337K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $846K | $784K | $382K | $45K | — | — |
| 2022 | $783K | $668K | $301K | $27K | — | — |
| 2021 | $651K | $542K | $180K | $21K | — | — |
| 2020 | $349K | $296K | $78K | $27K | — | View 990 |
| 2019 | $136K | $164K | $15K | $17K | — | View 990 |
| 2018 | $126K | $117K | $53K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $846K, expenses of $784K, and assets of $382K (revenue +8.2% year-over-year).
- 2022: Revenue of $783K, expenses of $668K, and assets of $301K (revenue +20.3% year-over-year).
- 2021: Revenue of $651K, expenses of $542K, and assets of $180K (revenue +86.3% year-over-year).
- 2020: Revenue of $349K, expenses of $296K, and assets of $78K (revenue +157.5% year-over-year).
- 2019: Revenue of $136K, expenses of $164K, and assets of $15K (revenue +7.7% year-over-year).
- 2018: Revenue of $126K, expenses of $117K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Designed For Joy:
Data Sources and Methodology
This transparency report for Designed For Joy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.