Isles Inc
Isles Inc: Strong Financials, High Program Spending, and Transparent Operations
EIN: 222350832 · Trenton, NJ · NTEE: L25Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $11.8M |
| Program Spending | 88% |
| Net Assets | $17.8M |
| Transparency Score | 85/100 |
Is Isles Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Isles Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Isles Inc
Isles Inc (EIN: 222350832) is a nonprofit organization based in Trenton, NJ, classified under NTEE code L25Z. The organization reported total revenue of $13.0M and total assets of $24.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isles Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Isles Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $11.8M |
| Surplus / Deficit | $-799,127 |
| Total Assets | $25.4M |
| Total Liabilities | $7.6M |
| Net Assets | $17.8M |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 25.9 months |
Financial Health Grade: B
In 2023, Isles Inc reported a deficit of $799K with expenses exceeding revenue, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Isles Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.2% | +15.6% | +1.6% |
| 2022 | -2.7% | +36.9% | -1.9% |
| 2021 | +61.1% | +22.2% | -1.4% |
| 2020 | -8.6% | +9.1% | -2.5% |
| 2019 | +33.4% | +16.5% | +33.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Isles Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Isles Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $799K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Isles Inc:
- Consistently high program spending, averaging 88% of total expenses in recent years.
- Healthy and growing asset base, reaching $24,757,416 in 2022.
- Consistent revenue generation, with $12,981,720 reported in 2022.
- Strong financial stability with low liabilities relative to assets.
- Demonstrates effective use of funds towards its mission.
Frequently Asked Questions about Isles Inc
Is Isles Inc a legitimate charity?
Isles Inc (EIN: 222350832) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.0M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Isles Inc spend its money?
Isles Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Isles Inc tax-deductible?
Isles Inc is registered as a tax-exempt nonprofit (EIN: 222350832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Isles Inc's spending goes to programs?
Isles Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Isles Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Isles Inc is above average for NTEE category L25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Isles Inc located?
Isles Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 222350832. It is classified under NTEE code L25Z.
How many years of IRS 990 filings does Isles Inc have?
Isles Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.0M in total revenue.
What does Isles Inc do?
Isles Inc is a nonprofit organization in the Housing & Shelter sector, located in Trenton, New Jersey. It is classified under NTEE code L25Z.
How much revenue does Isles Inc have?
Isles Inc reported total revenue of $12,981,720. Based on 13 IRS 990 filings on record.
What are Isles Inc's total assets?
Isles Inc holds total assets of $24,757,416 as reported in IRS 990 filings.
Where is Isles Inc located?
Isles Inc is based in Trenton, New Jersey.
What is Isles Inc's EIN?
Isles Inc's Employer Identification Number (EIN) is 222350832. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Isles Inc?
Isles Inc is classified under NTEE code L25Z (Housing & Shelter).
Is Isles Inc a registered 501(c)(3)?
Yes, Isles Inc is recognized as a tax-exempt organization by the IRS. EIN: 222350832.
Does Isles Inc file IRS Form 990?
Yes, Isles Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Isles Inc's revenue in 2023?
In the 202312 filing period, Isles Inc reported total revenue of $10,961,245, total expenses of $11,760,372, and net assets of $25,385,717.
Is Isles Inc's revenue growing or declining?
Isles Inc's revenue is growing. Revenue went from $9,600,432 (202212) to $10,961,245 (202312), a +14.2% change. Based on 13 filings on record.
What is Isles Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Isles Inc covers tax period 202312. It shows revenue of $10,961,245, expenses of $11,760,372, total assets of $25,385,717, and liabilities of $7,603,909.
How much does Isles Inc spend on programs vs administration?
Based on IRS 990 analysis, Isles Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Isles Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Isles Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Isles Inc's strengths?
Positive indicators for Isles Inc include: Consistently high program spending, averaging 88% of total expenses in recent years.. Healthy and growing asset base, reaching $24,757,416 in 2022.. Consistent revenue generation, with $12,981,720 reported in 2022.. Strong financial stability with low liabilities relative to assets.. Demonstrates effective use of funds towards its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Isles Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Isles Inc. managed to maintain such a high percentage of program spending over several years despite fluctuations in total revenue?
Isles Inc. appears to have a well-managed cost structure and efficient operational strategies, allowing them to allocate a significant portion of their expenses directly to programs even as revenue varies. This suggests strong financial discipline and a clear focus on mission delivery.
What specific strategies does Isles Inc. employ to ensure its administrative and fundraising costs remain consistently low, contributing to its high program spending ratio?
While specific strategies aren't detailed in the provided data, the consistent low percentages for administrative (7%) and fundraising (5%) expenses suggest efficient internal processes, potentially leveraging volunteers, in-kind donations, or highly effective fundraising campaigns that minimize overhead. This efficiency directly contributes to maximizing program impact.
Filing History
IRS 990 filing history for Isles Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Isles Inc's revenue has grown by 61.7%, moving from $6.8M to $11.0M. Total assets increased by 97.2% over the same period, from $12.9M to $25.4M. Total functional expenses rose by 108%, from $5.7M to $11.8M. In its most recent filing year (2023), Isles Inc reported a deficit of $799K, with expenses exceeding revenue. The organization holds $7.6M in liabilities against $25.4M in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.0M | $11.8M | $25.4M | $7.6M | — | — |
| 2022 | $9.6M | $10.2M | $25.0M | $6.6M | — | View 990 |
| 2021 | $9.9M | $7.4M | $25.5M | $6.2M | — | View 990 |
| 2020 | $6.1M | $6.1M | $25.8M | $9.1M | — | View 990 |
| 2019 | $6.7M | $5.6M | $26.5M | $9.9M | — | View 990 |
| 2018 | $5.0M | $4.8M | $19.9M | $4.6M | — | View 990 |
| 2017 | $4.8M | $4.7M | $19.2M | $4.0M | — | View 990 |
| 2016 | $5.8M | $5.3M | $16.8M | $2.5M | — | View 990 |
| 2015 | $7.4M | $5.8M | $15.4M | $1.6M | — | View 990 |
| 2014 | $4.9M | $4.4M | $12.9M | $547K | — | View 990 |
| 2013 | $4.7M | $4.4M | $13.3M | $1.2M | — | View 990 |
| 2012 | $5.3M | $4.8M | $13.2M | $1.5M | — | View 990 |
| 2011 | $6.8M | $5.7M | $12.9M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.0M, expenses of $11.8M, and assets of $25.4M (revenue +14.2% year-over-year).
- 2022: Revenue of $9.6M, expenses of $10.2M, and assets of $25.0M (revenue -2.7% year-over-year).
- 2021: Revenue of $9.9M, expenses of $7.4M, and assets of $25.5M (revenue +61.1% year-over-year).
- 2020: Revenue of $6.1M, expenses of $6.1M, and assets of $25.8M (revenue -8.6% year-over-year).
- 2019: Revenue of $6.7M, expenses of $5.6M, and assets of $26.5M (revenue +33.4% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.8M, and assets of $19.9M (revenue +3.6% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.7M, and assets of $19.2M (revenue -16.1% year-over-year).
- 2016: Revenue of $5.8M, expenses of $5.3M, and assets of $16.8M (revenue -22.1% year-over-year).
- 2015: Revenue of $7.4M, expenses of $5.8M, and assets of $15.4M (revenue +50.6% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.4M, and assets of $12.9M (revenue +5.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.4M, and assets of $13.3M (revenue -12.3% year-over-year).
- 2012: Revenue of $5.3M, expenses of $4.8M, and assets of $13.2M (revenue -21.5% year-over-year).
- 2011: Revenue of $6.8M, expenses of $5.7M, and assets of $12.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Isles Inc:
Data Sources and Methodology
This transparency report for Isles Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.