Micronesian Islander Community

Analysis

Micronesian Islander Community is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in April 2017, 9 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 January 2024, Micronesian Islander Community reported income of $2.1m and spending of $1.5m, leaving 29% of income unspent that year. Across the 4 years on record, from January 2021 to January 2024, income grew from $1.6m to $2.1m (+30%), an average of +9.0% a year. The sharpest change came in the year to January 2024, when income rose by 108%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Micronesian Islander Community sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include The Alliance Francaise French House of Chicago ($2.1m), Justice Reform ($2.1m) and Shakespeare Play on ($2.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $131k (8.7% of expenses). Other salaries and wages came to $373k. At year end it held assets of $3.3m against liabilities of $507k, net assets of $2.8m. It reported 11 employees.