Island Peoples Project

Analysis

Island Peoples Project is a registered charity in United States, based in Fishers Isle, NY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Island Peoples Project reported income of $124k and spending of $69k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $124k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island Peoples Project sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($124k), Angelsea Irish Society ($124k) and Western New York United Against Drug Alcohol Abuse Foundation Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. At year end it held assets of $494k against liabilities of $164, net assets of $494k.