Innisfree Inc

Analysis

Innisfree Inc is a registered charity in United States, based in Crozet, VA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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, Innisfree Inc reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $3.8m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Innisfree Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Project Guardianship Inc ($3.8m), Peachtree Presbyterian Pre-School Inc ($3.8m) and Nebraska Lutheran Outdoor Ministries Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $156k (4.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $32.2m against liabilities of $177k, net assets of $32.0m. It reported 62 employees.