Innovative Student Facilities Inc

Analysis

Innovative Student Facilities Inc is a registered charity in United States, based in Ruston, LA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Innovative Student Facilities Inc reported income of $12.2m and spending of $12.7m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.6m to $12.2m (+42%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Innovative Student Facilities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Wealth Watchers Inc ($12.2m), Transitional Housing Corporation ($12.2m) and District Alliance for Safe Housing Inc ($12.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. At year end it held assets of $158.2m against liabilities of $143.8m, net assets of $14.3m.