Ilmstitute Inc

Analysis

Ilmstitute Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Ilmstitute Inc reported income of $317k and spending of $22k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $28k to $317k (+1015%), an average of +1015% a year. The sharpest change came in the year to December 2022, when income rose by 1015%. Over the whole period it spent 14% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ilmstitute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Reaching Africas Unreached ($317k), A W Gayatri Pariwar Houston ($317k) and Love Defined ($317k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $21k. At year end it held assets of $297k against liabilities of $0, net assets of $297k.