Islands of Brilliance Inc

Analysis

Islands of Brilliance Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 2016, 10 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, Islands of Brilliance Inc reported income of $1.0m and spending of $971k, spending 94% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $385k to $1.0m (+167%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Islands of Brilliance Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include East Texas Gulf Coast Regional Trauma Advisory Council ($1.0m), Nami Greater Cleveland ($1.0m) and Uncle Daves Housing ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $166k (17% of expenses). Other salaries and wages came to $500k. At year end it held assets of $649k against liabilities of $283k, net assets of $366k. It reported 13 employees.