Island Connections

Analysis

Island Connections is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Island Connections reported income of $198k and spending of $206k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $198k (-5.6%), an average of -1.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Island Connections sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Orchard Community Learning Service ($198k), A Womens Resource Center of Palatka ($198k) and Lidgerwood Childcare ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $56k (27% of expenses). Other salaries and wages came to $69k. At year end it held assets of $665k against liabilities of $275, net assets of $665k. It reported 5 employees.