Isaac Foundation

Analysis

Isaac Foundation is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Isaac Foundation reported income of $286k and spending of $313k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $284k to $286k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Isaac Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Walkingmiracles Org Inc ($286k), Thomas Hospital Auxiliary Inc ($286k) and Help America Hear Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $56k (18% of expenses). Other salaries and wages came to $128k. At year end it held assets of $38k against liabilities of $15k, net assets of $23k. It reported 8 employees.

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.