Island Community House Inc

Analysis

Island Community House Inc is a registered charity in United States, based in Chincoteague, VA. It received its IRS tax-exemption ruling in April 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 (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, Island Community House Inc reported income of $145k and spending of $173k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $803k to $145k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 52% 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 Community House Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Art on Sedgwick ($145k), American Chemical Society ($145k) and Cincinnati Athletic Club Preservation Foundation ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.9% of the total. Other salaries and wages came to $86k. At year end it held assets of $464k against liabilities of $1,719, net assets of $463k. It reported 3 employees.