Independent Scholastic Association Incorporated

Analysis

Independent Scholastic Association Incorporated is a registered charity in United States, based in Menomonee FLS, WI. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2023, Independent Scholastic Association Incorporated reported income of $1.7m and spending of $1.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $829k to $1.7m (+110%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 365%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Scholastic Association Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include The Historic Preservation Foundation of North Carolina Inc ($1.7m), Clay Studio ($1.7m) and Habitat for Humanity International Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $77k (4.1% of expenses). Other salaries and wages came to $895k. At year end it held assets of $8.1m against liabilities of $2.2m, net assets of $5.8m. It reported 27 employees.