Isaiah Closet Inc

Analysis

Isaiah Closet Inc is a registered charity in United States, based in Bonham, TX. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Isaiah Closet Inc reported income of $179k and spending of $99k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $179k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Isaiah Closet Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include All Gods People NFP ($179k), Portage Foundation ($179k) and Carolina Miracle League Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187k against liabilities of $889, net assets of $186k.