Joan Dancy And Pals Inc
Joan Dancy And Pals Inc consistently generates revenue exceeding expenses, building assets without executive compensation.
EIN: 203842940 · Red Bank, NJ · NTEE: T30 · Updated: 2026-03-28
Is Joan Dancy And Pals Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joan Dancy And Pals Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joan Dancy And Pals Inc
Joan Dancy And Pals Inc (EIN: 203842940) is a nonprofit organization based in Red Bank, NJ, classified under NTEE code T30. The organization reported total revenue of $1.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joan Dancy And Pals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joan Dancy And Pals Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Joan Dancy And Pals Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable for an organization of its size, with latest revenue of $1,208,279, as it maximizes the funds available for its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Joan Dancy And Pals Inc:
- Consistent revenue generation exceeding expenses, as seen in 202306 with $1,208,279 revenue vs. $610,309 expenses.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to programs.
- Growing asset base, increasing from $1,003,618 in 201406 to $1,430,407 in 202306, demonstrating financial stability.
- Strong financial surplus in the latest period, contributing to organizational resilience.
Frequently Asked Questions about Joan Dancy And Pals Inc
Is Joan Dancy And Pals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joan Dancy And Pals Inc (EIN: 203842940) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Joan Dancy And Pals Inc spend its money?
Joan Dancy And Pals Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joan Dancy And Pals Inc tax-deductible?
Joan Dancy And Pals Inc is registered as a tax-exempt nonprofit (EIN: 203842940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joan Dancy And Pals Inc a good charity?
Based on the provided financial data, Joan Dancy And Pals Inc appears to be a very good charity. It consistently generates more revenue than expenses, has growing assets, and notably reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved. While there were periods like 202106 where expenses exceeded revenue, the latest period (202306) shows a significant surplus ($1,208,279 revenue vs. $610,309 expenses), leading to substantial asset growth from $1,003,618 in 201406 to $1,430,407 in 202306.
What is the organization's approach to executive compensation?
Joan Dancy And Pals Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation across all available filings. This means that no funds are used for executive salaries, which is a significant positive for donors.
Filing History
IRS 990 filing history for Joan Dancy And Pals Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Joan Dancy And Pals Inc's revenue has grown by 62.6%, moving from $743K to $1.2M. Total assets increased by 34.7% over the same period, from $1.1M to $1.4M. Total functional expenses fell by 10.2%, from $679K to $610K. In its most recent filing year (2023), Joan Dancy And Pals Inc reported a surplus of $598K, with revenue exceeding expenses. The organization holds $105K in liabilities against $1.4M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $610K | $1.4M | $105K | — | — |
| 2022 | $521K | $695K | $843K | $105K | — | View 990 |
| 2021 | $352K | $704K | $1.0M | $90K | — | View 990 |
| 2020 | $915K | $816K | $1.3M | $53K | — | View 990 |
| 2019 | $958K | $826K | $1.2M | $55K | — | View 990 |
| 2018 | $838K | $855K | $1.1M | $50K | — | View 990 |
| 2017 | $910K | $840K | $1.1M | $52K | — | View 990 |
| 2016 | $821K | $835K | $1.0M | $56K | — | View 990 |
| 2015 | $768K | $747K | $1.0M | $55K | — | View 990 |
| 2014 | $721K | $679K | $1.0M | $58K | — | View 990 |
| 2013 | $518K | $621K | $961K | $58K | — | View 990 |
| 2012 | $743K | $679K | $1.1M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $610K, and assets of $1.4M (revenue +132.1% year-over-year).
- 2022: Revenue of $521K, expenses of $695K, and assets of $843K (revenue +48.1% year-over-year).
- 2021: Revenue of $352K, expenses of $704K, and assets of $1.0M (revenue -61.6% year-over-year).
- 2020: Revenue of $915K, expenses of $816K, and assets of $1.3M (revenue -4.4% year-over-year).
- 2019: Revenue of $958K, expenses of $826K, and assets of $1.2M (revenue +14.3% year-over-year).
- 2018: Revenue of $838K, expenses of $855K, and assets of $1.1M (revenue -7.9% year-over-year).
- 2017: Revenue of $910K, expenses of $840K, and assets of $1.1M (revenue +10.8% year-over-year).
- 2016: Revenue of $821K, expenses of $835K, and assets of $1.0M (revenue +7.0% year-over-year).
- 2015: Revenue of $768K, expenses of $747K, and assets of $1.0M (revenue +6.4% year-over-year).
- 2014: Revenue of $721K, expenses of $679K, and assets of $1.0M (revenue +39.3% year-over-year).
- 2013: Revenue of $518K, expenses of $621K, and assets of $961K (revenue -30.3% year-over-year).
- 2012: Revenue of $743K, expenses of $679K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Joan Dancy And Pals Inc 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.