Isaiah 58 Inc

Analysis

Isaiah 58 Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Isaiah 58 Inc reported income of $637k and spending of $605k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $651k to $637k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Isaiah 58 Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Tuesdays Child ($637k), Asbury Homes Inc ($637k) and Winnett Aces Inc ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.1m against liabilities of $680k, net assets of $401k. It reported 6 employees.