Hurricane Island Foundation

Analysis

Hurricane Island Foundation is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hurricane Island Foundation reported income of $3.8m and spending of $3.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.8m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hurricane Island Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Kids Included Together San Diego Inc ($3.8m), Boys & Girls Club of the Red River Valley ($3.8m) and Boys and Girls Club of Union Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $1.5m, net assets of $3.6m. It reported 42 employees.