Isho III Inc

Analysis

Isho III Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in June 2012, 14 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, Isho III Inc reported income of $106k and spending of $183k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $106k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 159% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Isho III Inc 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 38th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Minneapolis City of Lakes Rotary Foundation ($106k), Waxahachie Symphony Association Inc ($106k) and Chesapeake Synchronized Skating Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. At year end it held assets of $2.0m against liabilities of $2.6m, net assets of -$574k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.