Issac Sterett Adventure Foundation Company

Analysis

Issac Sterett Adventure Foundation Company is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in November 2021, 5 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, Issac Sterett Adventure Foundation Company reported income of $938k and spending of $98k, leaving 90% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $938k (+1067%), an average of +127% a year. The sharpest change came in the year to December 2022, when income rose by 3989%. Over the whole period it spent 4.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Issac Sterett Adventure Foundation Company sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include PCS Family Services Inc ($938k), Power Ministry ($938k) and Explore Bike Share Inc ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $6.9m against liabilities of $0, net assets of $6.9m.