Community Foundation of Prince Edward Island

Analysis

Community Foundation of Prince Edward Island is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Community Foundation of Prince Edward Island reported income of $2.0m and spending of $1.3m, leaving 35% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income grew from $897k to $2.0m (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Foundation of Prince Edward Island sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile. Charities of a similar size with the same main cause include The Siskiyou School ($2.0m), American Friends of Yeshivath Meor Hatalmud ($2.0m) and Medical Alumni Association of the University of Maryland Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $136k. At year end it held assets of $12.5m against liabilities of $1.9m, net assets of $10.6m.