SPREAD THE JOY INC

EIN: 832047592 501(c)(3) Philanthropy & Grantmaking

PRINCETON, NJ

Total Revenue
$156,319
Total Expenses
$235,453
Total Assets
$451,023
Net Assets
$450,279
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NJ
Principal Officer
SHALINI SAMTANI
Phone
7327423016
Tax Period
2024-01-01 to 2024-12-31

SPREAD THE JOY INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $156K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO DONATE "JOY BOXES" TO PEDIATRIC PATIENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $181,885
Program Service Revenue $0
Investment Income $10,384
Other Revenue $-35,950
TOTAL REVENUE $156,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $235,453
Other Expenses $235,453
TOTAL EXPENSES $235,453

Year-over-Year Comparison

2024 2023 Change
Revenue $156,319 $383,611 -0.6%
Expenses $235,453 $245,964 0.0%
Net Income $-79,134 $137,647 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHALINI SAMTANI PRESIDENT 5.00
Director
$0 $0 $0
AMIT RAUT TREASURER 1.00
Director
$0 $0 $0
EDISON LEE CREATIVE DIRECTOR 2.00
Officer
$0 $0 $0
DINESH MELWANI LEGAL DIRECTOR 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $156,319 $235,453 $451,023 $-79,134
2023 $383,611 $245,964 $529,413 $137,647
2022 $427,210 $121,075 $447,713 $306,135
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