Isle Au Haut Boat Services

Analysis

Isle Au Haut Boat Services is a registered charity in United States, based in Stonington, ME. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Isle Au Haut Boat Services reported income of $1.2m and spending of $863k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $766k to $1.2m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Isle Au Haut Boat Services sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include Miami Valley Warhawks Baseball Club Inc ($1.2m), Society for Technical Communication ($1.2m) and Monroe County Meals on Wheels Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Other salaries and wages came to $338k. At year end it held assets of $2.7m against liabilities of $353k, net assets of $2.4m. It reported 15 employees.