Isoiteam Inc

Analysis

Isoiteam Inc is a registered charity in United States, based in Parkton, MD. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Isoiteam Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 3 years on record, from May 2021 to May 2023, income fell from $1.7m to $1.2m (-31%), an average of -17% a year. The sharpest change came in the year to May 2022, when income dropped by 31%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isoiteam Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Southwestern Illinois Law Enforcement Commission ($1.2m), Residential Construction Workforce Partnership ($1.2m) and Association of Amherst Students Inc ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (15% of expenses). Other salaries and wages came to $226k. At year end it held assets of $690k against liabilities of $0, net assets of $690k. It reported 7 employees.