Isev Inc

Analysis

Isev Inc is a registered charity in United States, based in Mount Royal, NJ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Isev Inc reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Isev Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Creative Arts Workshops for Kids Inc ($1.8m), Sunwork Renewable Energy Projects ($1.8m) and Narrows Center for the Arts Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $2.5m against liabilities of $320k, net assets of $2.2m.