Island Treasure Foundation

Analysis

Island Treasure Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Island Treasure Foundation reported income of $79k and spending of $14k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $79k (+128%), an average of +23% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Treasure Foundation sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Warren Symphony Society Inc ($79k), Turkish Cultural Center New Hampshire Inc ($79k) and West Pasco Business ($79k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $2,387, net assets of $69k.