Institute for Shipboard Education

Analysis

Institute for Shipboard Education is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in November 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 May 2023, Institute for Shipboard Education reported income of $39.5m and spending of $38.7m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $49.8m to $39.5m (-21%), an average of -5.6% a year. The sharpest change came in the year to May 2022, when income rose by 262%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Shipboard Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Shorter University Inc ($39.4m), Arizona Christian University ($39.5m) and Lackawanna College ($39.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $624k (1.6% of expenses). Other salaries and wages came to $4.5m. It paid $31k in professional fundraising fees. At year end it held assets of $58.0m against liabilities of $26.8m, net assets of $31.2m. It reported 229 employees.