Joy Amisano Charitable Foundation
Joy Amisano Charitable Foundation consistently grows assets with zero officer compensation and low liabilities.
EIN: 161679449 · Newark, DE · NTEE: T21 · Updated: 2026-03-28
Is Joy Amisano Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joy Amisano Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joy Amisano Charitable Foundation
Joy Amisano Charitable Foundation (EIN: 161679449) is a nonprofit organization based in Newark, DE, classified under NTEE code T21. The organization reported total revenue of $426K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joy Amisano Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joy Amisano Charitable Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $134K |
| Surplus / Deficit | +$94K |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 41.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 176.7 months |
Financial Health Grade: A
In 2023, Joy Amisano Charitable Foundation reported a surplus of $94K with revenue exceeding expenses, holds 176.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Joy Amisano Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.7% | -8.3% | +5.0% |
| 2022 | -46.9% | -42.5% | +2.1% |
| 2021 | +44.6% | +667.1% | +9.8% |
| 2020 | +273.6% | -63.1% | +14.1% |
| 2019 | -73.6% | +308.2% | -17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joy Amisano Charitable Foundation 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: 95%
- fundraising: 0%
According to IRS 990 filings, Joy Amisano Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $94K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a foundation of its size with over $2 million in assets.
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 Joy Amisano Charitable Foundation:
- Consistent asset growth, from $1.1M in 2011 to over $2M currently.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities, consistently reported as $0 or $1, reflecting strong financial health.
- Revenue generally exceeds expenses, contributing to financial stability.
- Strong transparency with 10 years of consistent IRS 990 filings.
Frequently Asked Questions about Joy Amisano Charitable Foundation
Is Joy Amisano Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Joy Amisano Charitable Foundation (EIN: 161679449) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Joy Amisano Charitable Foundation spend its money?
Joy Amisano Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joy Amisano Charitable Foundation tax-deductible?
Joy Amisano Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 161679449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joy Amisano Charitable Foundation a good charity?
Yes, based on its financial data, the Joy Amisano Charitable Foundation appears to be a very good charity. It consistently grows its assets, maintains negligible liabilities, and reports 0% officer compensation, indicating highly efficient use of funds for its charitable purpose.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses well below its revenue, allowing for consistent asset growth. For example, in 2023, revenue was $227,431 while expenses were $133,761, resulting in a surplus that contributed to asset accumulation.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $1,132,243 in 2011 to $2,018,181 in the latest period, demonstrating effective financial management and endowment growth.
Filing History
IRS 990 filing history for Joy Amisano Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joy Amisano Charitable Foundation's revenue has grown by 16.9%, moving from $195K to $227K. Total assets increased by 74% over the same period, from $1.1M to $2.0M. Total functional expenses rose by 206.8%, from $44K to $134K. In its most recent filing year (2023), Joy Amisano Charitable Foundation reported a surplus of $94K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $134K | $2.0M | $1 | — | View 990 |
| 2022 | $173K | $146K | $1.9M | $1 | — | View 990 |
| 2021 | $325K | $253K | $1.8M | $1 | — | — |
| 2020 | $225K | $33K | $1.7M | $1 | — | — |
| 2019 | $60K | $90K | $1.5M | $0 | — | View 990 |
| 2015 | $228K | $22K | $1.8M | $0 | — | View 990 |
| 2014 | $227K | $93K | $1.6M | $0 | — | View 990 |
| 2013 | $245K | $101K | $1.4M | $0 | — | View 990 |
| 2012 | $231K | $66K | $1.3M | $0 | — | View 990 |
| 2011 | $195K | $44K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $134K, and assets of $2.0M (revenue +31.7% year-over-year).
- 2022: Revenue of $173K, expenses of $146K, and assets of $1.9M (revenue -46.9% year-over-year).
- 2021: Revenue of $325K, expenses of $253K, and assets of $1.8M (revenue +44.6% year-over-year).
- 2020: Revenue of $225K, expenses of $33K, and assets of $1.7M (revenue +273.6% year-over-year).
- 2019: Revenue of $60K, expenses of $90K, and assets of $1.5M (revenue -73.6% year-over-year).
- 2015: Revenue of $228K, expenses of $22K, and assets of $1.8M (revenue +0.7% year-over-year).
- 2014: Revenue of $227K, expenses of $93K, and assets of $1.6M (revenue -7.5% year-over-year).
- 2013: Revenue of $245K, expenses of $101K, and assets of $1.4M (revenue +6.3% year-over-year).
- 2012: Revenue of $231K, expenses of $66K, and assets of $1.3M (revenue +18.5% year-over-year).
- 2011: Revenue of $195K, expenses of $44K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joy Amisano Charitable Foundation:
Data Sources and Methodology
This transparency report for Joy Amisano Charitable Foundation 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.