Island Education Inc

Analysis

Island Education Inc is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in August 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Island Education Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $1.2m (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island Education Inc 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 83rd percentile within FL. Charities of a similar size with the same main cause include Apga Research Foundation ($1.2m), St Johns Day School ($1.2m) and The Society of the Companions of the Holy Cross ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $680k. At year end it held assets of $1.1m against liabilities of $271k, net assets of $846k. It reported 19 employees.