Isaca Foundation

Analysis

Isaca Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Isaca Foundation reported income of $1.9m and spending of $1.2m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $1.9m (+231%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 701%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Isaca Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Hope Inspired Ministries Inc ($1.9m), The Collective Blueprint ($1.9m) and Van Goghs Palette Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $165k (13% of expenses). Other salaries and wages came to $160k. At year end it held assets of $3.3m against liabilities of $2.1m, net assets of $1.2m. It reported 5 employees.