Eagle Island Inc

Analysis

Eagle Island Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Eagle Island Inc reported income of $763k and spending of $685k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $765k to $763k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eagle Island Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Audubon Recreation Association ($762k), United Soccer Federation of Maine ($763k) and Nickel Plate Trail Inc ($762k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $131k (19% of expenses). Other salaries and wages came to $135k. At year end it held assets of $6.0m against liabilities of $125k, net assets of $5.8m. It reported 25 employees.