Islesboro Community Fund

Analysis

Islesboro Community Fund is a registered charity in United States, based in Islesboro, ME. It received its IRS tax-exemption ruling in November 1951, 75 years ago. 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 July 2023, Islesboro Community Fund reported income of $185k and spending of $189k, spending 102% of its income. Across the 3 years on record, from July 2021 to July 2023, income fell from $217k to $185k (-15%), an average of -7.6% a year. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islesboro Community Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Little League Baseball Inc ($185k), Greensboro Free Library ($185k) and Amature Athletic Union of the United States Inc ($185k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $627k against liabilities of $3,980, net assets of $623k.