Philly Joy Bank
Philly Joy Bank is a Philadelphia guaranteed income pilot program that provides $1,000/month in unconditional cash assistance to 250 pregnant residents in three target neighborhoods from the second trimester through the child's first birthday, funded by foundation grants and the City of Philadelphia to address infant mortality disparities.
- Company typePrivate
- Founded2024
- HeadquartersPhiladelphia, United States
- Headcount—
- GTM typeB2C
- OfferingServices
What Philly Joy Bank does
Philly Joy Bank is a guaranteed income pilot program that provides $1,000 per month in unconditional cash assistance to pregnant residents of three Philadelphia neighborhoods (Nicetown-Tioga, Strawberry Mansion, and parts of Cobbs Creek) from their second trimester through their child's first birthday. Each participant receives up to 18 monthly payments totaling $18,000, distributed via direct deposit, prepaid debit card, Venmo, or PayPal, with no restrictions on how funds are spent. The program is designed to improve birth outcomes in Philadelphia, which has the highest infant mortality rate among the top 10 most populous U.S. cities, with Black infants over three times more likely to die before their first birthday than White infants. The target enrollment is 250 participants, with selection conducted via a biweekly lottery from eligible applicants.
The program is administered by the Division of Reproductive, Adolescent, and Child Health of the Philadelphia Department of Public Health, with the Philadelphia Community Action Network (CAN) serving as the collective impact stakeholder group responsible for program design. The Philadelphia City Fund acts as fiscal sponsor. The program is funded through foundation grants and city government support from multiple institutional donors including Philadelphia Health Partnership, William Penn Foundation, Spring Point, Barra Foundation, Vanguard, Jewish Healthcare Foundation, and Pew Charitable Trusts. As of April 2025, the program had distributed $1.4 million in cash assistance. The technology infrastructure is minimal: a web-based application portal on Squarespace and a lottery-based selection mechanism, with no proprietary technology platform.
Philly Joy Bank supplements cash payments with voluntary support services including financial counseling (via Clarifi), community doula support, lactation support, home visits, and safe sleep education. Program evaluation is led by Drexel University's Dornsife School of Public Health in partnership with community evaluators and five Lived Experience Experts, with co-principal investigators Elizabeth Valdez and Ali Groves. The program has attracted significant earned media coverage across national and local outlets. Participants are identified through community health workers, navigators, and partner organization referrals including Maternity Care Coalition, Penn Medicine, Children's Hospital of Philadelphia, and Northeast Treatment Centers. This is a publicly funded social welfare program, not a revenue-generating enterprise.
Philly Joy Bank firmographics
Firmographics- Name
- Philly Joy Bank
- Legal name
- Philly Joy Bank
- Website
- https://phillyjoybank.org
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Short description
- Philly Joy Bank is a Philadelphia guaranteed income pilot program that provides $1,000/month in unconditional cash assistance to 250 pregnant residents in three target neighborhoods from the second trimester through the child's first birthday, funded by foundation grants and the City of Philadelphia to address infant mortality disparities.
- Ownership category
- akta.pro rank
Philly Joy Bank industry classification
Industry- Product category
- Guaranteed Income / Maternal Cash Assistance Program
- NAICS
- Child and Youth Services (62411)
- akta.pro primary industry
- Youth / Family Wallets & Allowance Payments (FSAMAEAK)
Keywords
Where Philly Joy Bank is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Philly Joy Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Cash Assistance Program: Philly Joy Bank is a guaranteed income pilot program that provides unconditional cash payments to pregnant Philadelphians. The program does not generate revenue as it is a social welfare initiative funded by grants and public-private partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Single program tier providing $1,000/month unconditional cash assistance |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Philly Joy Bank product offering
Product offeringCore offering
Philly Joy Bank is a guaranteed income pilot program that provides unconditional cash payments of $1,000 per month to 250 pregnant Philadelphians from their second trimester through their child's first birthday, totaling 18 payments and $18,000 per participant. The program is administered in three target neighborhoods (Nicetown-Tioga, Strawberry Mansion, and specified areas of Cobbs Creek) and is paired with voluntary support services such as financial counseling, doula support, lactation support, home visits, and safe sleep education.
Product overview
Philly Joy Bank is a guaranteed income pilot program operated by the Philadelphia Community Action Network and supported by the Philadelphia Department of Public Health. The core offering is an unconditional cash assistance program providing $1,000 monthly to 250 pregnant residents in specific neighborhoods from the second trimester through the child's first birthday. The program is supplemented by voluntary support services including financial counseling, home visits, doula support, and lactation assistance, and includes a community-led evaluation study conducted by Drexel University researchers.
Differentiator
Problem solved
Functional benefit
Products and services
- Philly Joy Bank Guaranteed Income Program A guaranteed income pilot program providing $1,000 monthly unconditional cash payments to 250 pregnant Philadelphians from their second trimester through their child's first birthday, with no restrictions on how funds are spent. Targets residents of Nicetown-Tioga, Strawberry Mansion, and parts of Cobbs Creek neighborhoods with household income under $100,000.
- Voluntary Support Services Optional assistance offered to Philly Joy Bank participants, including financial counseling (via Clarifi), community doula support, lactation support, home visiting, and safe sleep education. Participation is voluntary and not required to receive cash assistance.
Quantifiable outcome
- No infant mortality rate reduction data published yet as program is still in early stages
Companies that use Philly Joy Bank
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles1 record
Philly Joy Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Philly Joy Bank partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Division of Reproductive, Adolescent, and Child Health - Philadelphia Department of Public HealthcoreServes as the backbone organization supporting Philly Joy Bank and provides administrative, leadership, and staffing support. Provides oversight through the Philly Loves Families initiative.
- Philadelphia Community Action Network (CAN)coreA collective impact stakeholder group whose goal is to reduce racial disparities in the city's infant mortality by fostering a learning community and coordinating cross-sector actions. Members include local parents, doctors, researchers, policy workers, birth workers, and mental health professionals.
- Drexel University Dornsife School of Public HealthcoreLeads the program evaluation in partnership with community evaluators and a community advisory board that includes 5 Lived Experience Experts. Co-principal investigators include Elizabeth Valdez, PhD, MPH and Nora Lee, PhD.
- Children's Hospital of Philadelphia (CHOP)minorDr. George Dalembert, Associate Director of the Center for Health Equity at CHOP, serves on the Steering Committee.
- Penn MedicineminorDr. Abike James, Associate Professor and Clinical Director of Women's Health at Penn Medicine, serves on the Steering Committee.
- Maternity Care CoalitionminorSara Jann, Senior Director of Policy and Advocacy, serves on the Steering Committee.
- ClarifiminorProvides financial counseling referrals to program participants.
- Northeast Treatment CentersminorMarion Wilson, Director of Community Support Services, serves on the Steering Committee.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Philly Joy Bank competitors and assessment
Company assessmentDirect peers
- Magnolia Mother's Trust: Springboard to Opportunities' Magnolia Mother's Trust is a guaranteed income pilot providing $1,000/month to low-income Black mothers in Jackson, Mississippi. Direct peer — same unconditional cash model targeting pregnant women and mothers, similar program structure and population focus.
- Abundant Birth Project: Expecting Justice's Abundant Birth Project provides cash supplements to Black and Pacific Islander pregnant people in the Bay Area. Direct peer — directly comparable unconditional cash program for pregnant people of color addressing birth outcome disparities.
- Stockton Economic Empowerment Demonstration (SEED): Stockton, California's SEED demonstration was the first U.S. city-led guaranteed income pilot, providing $500/month to 125 residents. Direct peer — foundational guaranteed income pilot with comparable model, evaluation structure, and municipal partnership approach.
- San Francisco Guaranteed Income Pilot (F5JC): Fight for $5JC's Abundant Birth Project and the broader SF guaranteed income coalition work on similar cash assistance models. Direct peer with comparable focus on pregnant people and low-income families in an urban setting.
- Bridge Project: MomsRising's Bridge Project provides bridge cash assistance to new mothers, particularly those on TANF, with comparable goals of reducing financial stress during pregnancy and postpartum. Direct peer in the maternal guaranteed income space.
Others
- Philadelphia Department of Public Health: Philly Joy Bank's backbone organization and parent entity. Relevant as the institutional sponsor and operational partner, not a competitor — but comparable as a Philadelphia-based health program targeting infant and maternal health disparities.
- Maternity Care Coalition: Philadelphia-based maternal and child health nonprofit serving as a steering committee partner for Philly Joy Bank. Comparable as a regional maternal health services organization addressing similar population needs.
Emerging players
- Baby's First Years: Baby's First Years is a multi-site randomized controlled trial studying the impact of unconditional cash gifts to low-income new mothers. Comparable research study with similar maternal cash assistance mechanism and rigorous evaluation methodology.
- Center for Guaranteed Income Research: University of Pennsylvania's CGIR studies and supports guaranteed income pilots across the U.S. Comparable as the research backbone for many similar pilots, including potentially influencing Philly Joy Bank's evaluation framework.
Broad incumbents
- NYC Guaranteed Income Pilot: New York City's various guaranteed income pilots operated at much larger scale through multiple programs (e.g., the Bridge Project and others). Comparable as a municipal cash assistance initiative with similar infrastructure and policy ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Philly Joy Bank social profiles
Digital presencePhilly Joy Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Philly Joy Bank leadership team
Management profileNumber of profiles
Profiles9 records
Philly Joy Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
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Philly Joy Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Philly Joy Bank
What does Philly Joy Bank do?
Philly Joy Bank is a guaranteed income pilot program that provides unconditional cash payments of $1,000 per month to 250 pregnant Philadelphians from their second trimester through their child's first birthday, totaling 18 payments and $18,000 per participant. The program is administered in three target neighborhoods (Nicetown-Tioga, Strawberry Mansion, and specified areas of Cobbs Creek) and is paired with voluntary support services such as financial counseling, doula support, lactation support, home visits, and safe sleep education.
Is Philly Joy Bank a public or private company?
Philly Joy Bank is a private company. It is classified as state government owned and is currently operating.
When was Philly Joy Bank founded?
Philly Joy Bank was founded in 2024.
Where is Philly Joy Bank based?
Philly Joy Bank is headquartered in Philadelphia, United States, in the North America region.
How does Philly Joy Bank make money?
One revenue line is on record: cash Assistance Program.
Who are Philly Joy Bank's main competitors?
Direct peers on record are Magnolia Mother's Trust, Abundant Birth Project, Stockton Economic Empowerment Demonstration (SEED), San Francisco Guaranteed Income Pilot (F5JC) and Bridge Project. Others are Philadelphia Department of Public Health and Maternity Care Coalition. Emerging players are Baby's First Years and Center for Guaranteed Income Research. NYC Guaranteed Income Pilot is listed as a broad incumbent.
Does Philly Joy Bank have an API?
No public API is recorded for Philly Joy Bank.
What industry is Philly Joy Bank in?
Philly Joy Bank's product category is Guaranteed Income / Maternal Cash Assistance Program. Its primary akta.pro industry code is FSAMAEAK, Youth / Family Wallets & Allowance Payments. Its NAICS code is 62411.