Island Place Inc

Analysis

Island Place Inc is a registered charity in United States, based in Sicily Island, LA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Island Place Inc reported income of $84k and spending of $136k, spending 163% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $91k to $84k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Island Place Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within LA. Charities of a similar size with the same main cause include Asi Missoula Inc ($83k), Sacred Heart Ranch of Idaho ($84k) and Abilities at San Juan II Inc ($83k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $20k. At year end it held assets of $555k against liabilities of $25k, net assets of $529k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.