Joyful Noise Daycare
Joyful Noise Daycare maintains stable operations with no officer compensation and consistent revenue, despite recent minor deficits.
EIN: 204853966 · Grundy Center, IA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $203K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $47,810. |
| Net Assets | $12K |
| Transparency Score | 85/100 |
Is Joyful Noise Daycare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joyful Noise Daycare directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joyful Noise Daycare
Joyful Noise Daycare (EIN: 204853966) is a nonprofit organization based in Grundy Center, IA, classified under NTEE code B21. The organization reported total revenue of $253K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joyful Noise Daycare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joyful Noise Daycare is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $203K |
| Surplus / Deficit | $-9,688 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -5.0% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, Joyful Noise Daycare reported a deficit of $10K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), Joyful Noise Daycare's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | +12.4% | -43.9% |
| 2022 | -25.1% | -7.7% | -55.5% |
| 2021 | -7.7% | +4.6% | +21.3% |
| 2020 | +29.8% | +9.4% | +535.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2020 |
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 Joyful Noise Daycare with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Joyful Noise Daycare allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Joyful Noise Daycare reports 0% officer compensation across all five available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a small organization with current assets of $47,810.
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.
Red Flags
The following concerns were identified during AI analysis of Joyful Noise Daycare's IRS 990 filings:
- Recent minor operating deficits in 2022 ($27,518) and 2023 ($9,688) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Joyful Noise Daycare:
- Consistent IRS 990 filing history demonstrating transparency.
- Zero reported officer compensation across all filings, indicating high efficiency.
- No reported liabilities, suggesting strong financial management and low debt risk.
- Assets have shown significant growth from $6,430 in 2019 to $47,810 currently, enhancing financial stability.
- Stable revenue stream over five years, supporting consistent operations.
Frequently Asked Questions about Joyful Noise Daycare
Is Joyful Noise Daycare a legitimate charity?
Based on AI analysis of IRS 990 filings, Joyful Noise Daycare (EIN: 204853966) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Joyful Noise Daycare spend its money?
Joyful Noise Daycare directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joyful Noise Daycare tax-deductible?
Joyful Noise Daycare is registered as a tax-exempt nonprofit (EIN: 204853966). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Joyful Noise Daycare CEO make?
Joyful Noise Daycare's highest-compensated officer earns $47,810. annually. The organization reported $253K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Joyful Noise Daycare's spending goes to programs?
Joyful Noise Daycare directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joyful Noise Daycare compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Joyful Noise Daycare is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joyful Noise Daycare located?
Joyful Noise Daycare is headquartered in Grundy Center, Iowa and files with the IRS under EIN 204853966. It is classified under NTEE code B21.
How many years of IRS 990 filings does Joyful Noise Daycare have?
Joyful Noise Daycare has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $253K in total revenue.
Is Joyful Noise Daycare a good charity?
Based on the available data, Joyful Noise Daycare appears to be a good charity. It consistently files its IRS 990s, reports no officer compensation, and maintains a stable financial position with growing assets, all of which suggest a strong focus on its mission and efficient use of resources.
How has Joyful Noise Daycare's financial health changed over the past five years?
Joyful Noise Daycare's financial health has been relatively stable. Revenue has fluctuated between $152,861 and $221,262, with current revenue at $253,022. Assets have grown significantly from $6,430 in 2019 to $47,810 currently, indicating improved financial capacity. While there were minor deficits in 2022 and 2023, the organization has consistently maintained zero liabilities.
What is the significance of 0% officer compensation?
0% officer compensation is significant as it suggests that the organization's leadership is either entirely volunteer-based or compensated very minimally, allowing a greater proportion of funds to be directed towards program services rather than administrative overhead. This is a strong indicator of efficiency for an organization of this size.
Filing History
IRS 990 filing history for Joyful Noise Daycare showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Joyful Noise Daycare's revenue has grown by 13.3%, moving from $170K to $193K. Total assets increased by 92.8% over the same period, from $6K to $12K. Total functional expenses rose by 18.8%, from $171K to $203K. In its most recent filing year (2023), Joyful Noise Daycare reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $203K | $12K | $0 | — | — |
| 2022 | $153K | $180K | $22K | $0 | — | View 990 |
| 2021 | $204K | $195K | $50K | $0 | — | View 990 |
| 2020 | $221K | $187K | $41K | $0 | — | View 990 |
| 2019 | $170K | $171K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $203K, and assets of $12K (revenue +26.3% year-over-year).
- 2022: Revenue of $153K, expenses of $180K, and assets of $22K (revenue -25.1% year-over-year).
- 2021: Revenue of $204K, expenses of $195K, and assets of $50K (revenue -7.7% year-over-year).
- 2020: Revenue of $221K, expenses of $187K, and assets of $41K (revenue +29.8% year-over-year).
- 2019: Revenue of $170K, expenses of $171K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joyful Noise Daycare:
Data Sources and Methodology
This transparency report for Joyful Noise Daycare 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.