Is183 Inc

Analysis

Is183 Inc is a registered charity in United States, based in Stockbridge, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Is183 Inc reported income of $630k and spending of $727k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $484k to $630k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Is183 Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Talking Talons Youth Leadership ($629k), Luminary Arts Corporation ($630k) and Tennessee Holocaust Commission Inc ($629k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $73k (10% of expenses). Other salaries and wages came to $368k. At year end it held assets of $934k against liabilities of $373k, net assets of $561k. It reported 58 employees.