Isles Inc

Analysis

Isles Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Isles Inc reported income of $11.0m and spending of $11.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $11.0m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Isles Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Olneyville Housing Corp ($10.9m), Avenue Community Development Coporation ($11.0m) and Home and Community Options Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $585k (5.0% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $25.4m against liabilities of $7.6m, net assets of $17.8m. It reported 164 employees.