Island Heritage Trust Inc

Analysis

Island Heritage Trust Inc is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 October 2023, Island Heritage Trust Inc reported income of $841k and spending of $487k, leaving 42% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $339k to $841k (+148%), an average of +26% a year. The sharpest change came in the year to October 2023, when income rose by 33%. Over the whole period it spent 73% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Island Heritage Trust Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Our Childrens Earth Foundation ($841k), Lewis Ginter Botanical Garden Foundation ($841k) and Thunder Basin Grasslands Prairie Eco-System Association ($840k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 90% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $87k (18% of expenses). Other salaries and wages came to $204k. At year end it held assets of $1.8m against liabilities of $47k, net assets of $1.8m. It reported 8 employees.