Isaiahs Place Inc

Analysis

Isaiahs Place Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Isaiahs Place Inc reported income of $2.9m and spending of $2.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Isaiahs Place Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Forsyth Futures ($2.9m), Urban Growers Collective Inc ($2.9m) and Iowa River Hospice Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $170k (7.2% of expenses). Other salaries and wages came to $613k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $640k. It reported 19 employees.