Isles Community Enterprises Corp

Analysis

Isles Community Enterprises Corp is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Isles Community Enterprises Corp reported income of $115k and spending of $120k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13k to $115k (+785%), an average of +72% a year. The sharpest change came in the year to December 2022, when income rose by 533%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Isles Community Enterprises Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Reiki Alliance ($115k), Delta Compass ($115k) and Hot Spring County Livestock Exhibition and Fair Association ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $84k. At year end it held assets of $828k against liabilities of $977k, net assets of -$149k.