Island School

Analysis

Island School is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Island School reported income of $2.4m and spending of $2.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Friends School Inc ($2.4m), Regents School of Charlottesville Inc ($2.4m) and Kaskaskia College Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $167k (7.6% of expenses). Other salaries and wages came to $937k. At year end it held assets of $3.7m against liabilities of $409k, net assets of $3.3m. It reported 36 employees.