Joys Hope Inc
Nonprofit profile at a glance
- EIN
- 842236413
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990-EZ 2021
- Location
- Connelly Springs, NC, USA
- Phone
- 8288385008
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $1,525
- Expenses
- $4,940
- Assets
- $1,425
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Joy Carswell (Director/CEO)
- Joy Joseph (COO/Vice President)
People named in this filing
- Joy Carswell (Director/CEO)
- Hope Hayes (Treasurer/CFO)
- Joy Joseph (COO/Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise money in order to offer transitional rehabilitative services to newly released incarcerated individuals in order to reduce recidivism.
What it reported doing in 2021
In our very early states of being conceived and birthed as a first time nonprofit organization we were able to acquire our tax-exempt status with the IRS, we acquired out solicitation license through the state of NC, and we were able to begin to apply for grants as a newly established organization. Due to being new and not quite sure of how to go about filling out for grant monies, we weren't able to acquire monies we applied for but we were able to learn from our experience and continue to move forward in forming connections and partnerships with other similar organizations in our surrounding areas and create public awareness.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 22
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -223.9%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.