Isthmus Project Inc

Analysis

Isthmus Project Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover medical research, 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 June 2023, Isthmus Project Inc reported income of $389k and spending of $816k, spending 210% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $75k to $389k (+418%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 418%. Over the whole period it spent 342% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Isthmus Project Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Wishes Can Happen Inc ($389k), Southeast Kansas Lutherans Inc ($389k) and Minority Health Consortium ($389k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Other salaries and wages came to $652k. At year end it held assets of $2.3m against liabilities of $99k, net assets of $2.2m.

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.