Island Health Inc

Analysis

Island Health Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Island Health Inc reported income of $4.9m and spending of $4.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.9m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Island Health Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Houses of Hope of Nebraska Inc ($4.9m), New Bethany ($4.9m) and Delta Counseling Associates ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $126k (2.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.5m against liabilities of $2.4m, net assets of $3.1m. It reported 56 employees.