Island Scholars Inc

Analysis

Island Scholars Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Island Scholars Inc reported income of $78k and spending of $94k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $78k (+27%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island Scholars Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Milford Brook PTO ($78k), Association of Development Officers Inc ($78k) and Ethics in Education Network Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.