Isothermal Planning and Development Corporation

Analysis

Isothermal Planning and Development Corporation is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in February 1975, 51 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).

In the financial year ending June 2023, Isothermal Planning and Development Corporation reported income of $13.0m and spending of $13.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.6m to $13.0m (+3.4%), an average of +0.8% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Isothermal Planning and Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include California Council on Science and Technology ($13.0m), Joshua M Freeman Foundation ($13.0m) and Maryland Science Center ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.9m against liabilities of $3.1m, net assets of $1.8m. It reported 70 employees.