Quick charity verification for Island Grown Initiative Ltd (EIN: 205773892)
Verdict: Island Grown Initiative Ltd appears trustworthy
90/100Mission Score
$6.2MRevenue
$19.8MAssets
1Red Flags
5Strengths
Red Flags
0% officer compensation reported, which is unusual for an organization of this scale and may indicate compensation is reported elsewhere or a unique leadership structure that warrants further inquiry.
Strengths
Strong revenue growth, increasing from $1.7M in 2019 to over $7M in 2023.
Consistent positive net income, with revenue significantly exceeding expenses (e.g., $7M revenue vs. $3M expenses in 2023).
Substantial asset growth, from $5.6M in 2020 to $16.1M in 2023, indicating financial stability and capacity building.
Low liabilities relative to assets, suggesting good financial management and solvency.
No reported officer compensation, potentially indicating a high dedication of resources to programs or a volunteer-driven leadership.
Spending Breakdown
How Island Grown Initiative Ltd allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Island Grown Initiative Ltd
Is Island Grown Initiative Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Grown Initiative Ltd (EIN: 205773892) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Island Grown Initiative Ltd a good charity to donate to?
Island Grown Initiative Ltd has a Mission Score of 90/100. Revenue: $6.2M. Assets: $19.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Island Grown Initiative Ltd?
The Employer Identification Number (EIN) for Island Grown Initiative Ltd is 205773892. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Island Grown Initiative Ltd spend its money?
Island Grown Initiative Ltd allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Island Grown Initiative Ltd's tax-exempt status?
You can verify Island Grown Initiative Ltd's tax-exempt status using EIN 205773892 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Island Grown Initiative Ltd demonstrates strong financial health and growth, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $7,074,716 against expenses of $3,093,905, indicating a significant surplus. This trend of increasing revenue and assets, from $5,603,919 in 2020 to $16,142,198 in 2023, suggests effective fundraising and financial management. The organization's liabilities are also well-managed relative to its assets, indicating a stable financial position.
The organization appears to be highly efficient in its spending, as evidenced by the substantial difference between revenue and expenses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a healthy operational model. The consistent growth in assets further supports the idea that the organization is building capacity and sustainability. The absence of reported officer compensation is a notable point regarding transparency and resource allocation.
Overall, Island Grown Initiative Ltd exhibits a robust financial trajectory, marked by significant revenue growth and asset accumulation. This financial strength, coupled with what appears to be efficient operations given the revenue-to-expense ratios, positions the organization well to achieve its mission. Further detailed analysis of expense categories would provide a more granular view of spending efficiency, but the available data points to a well-managed and financially sound nonprofit.