Partners in Island Education Inc

Analysis

Partners in Island Education Inc is a registered charity in United States, based in Vinalhaven, ME. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Partners in Island Education Inc reported income of $302k and spending of $253k, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $225k to $302k (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 103%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Partners in Island Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include Thatcher Family Fund of the Cleveland Foundation ($302k), Sunrise Rotary Club of Healdsburg Foundation ($302k) and Show-Me Curriculum Administrators Association ($302k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 4.6% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 2 employees.