Islesboro Islands Trust

Analysis

Islesboro Islands Trust is a registered charity in United States, based in Islesboro, ME. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Islesboro Islands Trust reported income of $838k and spending of $302k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $838k (-39%), an average of -12% a year. The sharpest change came in the year to June 2024, when income rose by 184%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Islesboro Islands Trust sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Bexley Community Foundation ($837k), United Way of Ashland County Ohio Inc ($838k) and Buffalo Hearing and Speech Center F Oundation Inc ($837k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $184k. At year end it held assets of $5.0m against liabilities of $4,633, net assets of $5.0m. It reported 6 employees.