Islesford Boat Works

Analysis

Islesford Boat Works is a registered charity in United States, based in Islesford, ME. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Islesford Boat Works reported income of $130k and spending of $109k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $130k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Islesford Boat Works sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include E-Town Area Youth Alliance ($130k), National Women of Achievement Inc ($130k) and Junior Achievement of the Virgin Islands Incorporated ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 16% of the total. At year end it held assets of $110k against liabilities of $618, net assets of $110k.