Island Health & Wellness Foundation

Analysis

Island Health & Wellness Foundation is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Island Health & Wellness Foundation reported income of $256k and spending of $280k, spending 109% of what it took in. Across the 5 years on record, from July 2020 to December 2023, income grew from $194k to $256k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Island Health & Wellness Foundation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Titus Community Inc ($256k), Summit County Community Partnership ($256k) and Clark County Medical Society Auxiliary ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $12k. At year end it held assets of $2.5m against liabilities of $3,625, net assets of $2.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.