Island Country Club
Island Country Club maintains stable finances with volunteer leadership and low liabilities.
EIN: 10096117 · Deer Isle, ME · NTEE: N50 · Updated: 2026-03-28
Is Island Country Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Island Country Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Country Club
Island Country Club (EIN: 10096117) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code N50. The organization reported total revenue of $481K and total assets of $641K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Country Club is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $355K |
| Total Expenses | $336K |
| Surplus / Deficit | +$19K |
| Total Assets | $536K |
| Total Liabilities | $8K |
| Net Assets | $528K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Island Country Club reported a surplus of $19K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Country Club's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -2.2% | +3.4% |
| 2022 | -10.8% | -2.2% | -2.8% |
| 2021 | -2.3% | +22.9% | -13.6% |
| 2020 | +13.4% | -5.7% | +43.9% |
| 2019 | +20.8% | -5.5% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Island Country Club with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Island Country Club allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers, which significantly reduces administrative costs and maximizes resources for its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Island Country Club:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Low liabilities relative to assets, suggesting strong financial health ($8,062 liabilities vs. $535,953 assets in 202312).
- Stable revenue and expense patterns over a decade, demonstrating operational consistency.
- Positive net assets, indicating financial solvency.
- Regular IRS 990 filing history, showing good compliance and transparency.
Frequently Asked Questions about Island Country Club
Is Island Country Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Country Club (EIN: 10096117) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Island Country Club spend its money?
Island Country Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Island Country Club tax-deductible?
Island Country Club is registered as a tax-exempt nonprofit (EIN: 10096117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Island Country Club financially stable?
Yes, Island Country Club appears financially stable. Its revenues generally cover expenses, and it maintains a healthy asset base ($535,953 in 202312) with very low liabilities ($8,062 in 202312).
How does the organization manage its leadership costs?
The organization manages its leadership costs exceptionally well, reporting 0% officer compensation in all available filings, indicating a volunteer-led structure.
What is the trend in the organization's assets?
Assets have fluctuated over the years, from a high of $662,720 in 201412 to $535,953 in 202312, showing a generally stable but not consistently growing trend.
Filing History
IRS 990 filing history for Island Country Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Island Country Club's revenue has declined by 20%, moving from $443K to $355K. Total assets decreased by 4.3% over the same period, from $560K to $536K. Total functional expenses rose by 6.8%, from $314K to $336K. In its most recent filing year (2023), Island Country Club reported a surplus of $19K, with revenue exceeding expenses. The organization holds $8K in liabilities against $536K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $528K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $355K | $336K | $536K | $8K | — | — |
| 2022 | $326K | $343K | $518K | $9K | — | View 990 |
| 2021 | $366K | $351K | $533K | $7K | — | View 990 |
| 2020 | $374K | $286K | $617K | $106K | — | — |
| 2019 | $330K | $303K | $429K | $11K | — | View 990 |
| 2018 | $273K | $321K | $402K | $11K | — | View 990 |
| 2017 | $289K | $328K | $454K | $16K | — | View 990 |
| 2016 | $277K | $328K | $507K | $30K | — | View 990 |
| 2015 | $274K | $342K | $534K | $6K | — | View 990 |
| 2014 | $350K | $323K | $663K | $6K | — | View 990 |
| 2013 | $427K | $328K | $662K | $13K | — | View 990 |
| 2012 | $281K | $302K | $550K | $20K | — | View 990 |
| 2011 | $443K | $314K | $560K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $355K, expenses of $336K, and assets of $536K (revenue +8.7% year-over-year).
- 2022: Revenue of $326K, expenses of $343K, and assets of $518K (revenue -10.8% year-over-year).
- 2021: Revenue of $366K, expenses of $351K, and assets of $533K (revenue -2.3% year-over-year).
- 2020: Revenue of $374K, expenses of $286K, and assets of $617K (revenue +13.4% year-over-year).
- 2019: Revenue of $330K, expenses of $303K, and assets of $429K (revenue +20.8% year-over-year).
- 2018: Revenue of $273K, expenses of $321K, and assets of $402K (revenue -5.6% year-over-year).
- 2017: Revenue of $289K, expenses of $328K, and assets of $454K (revenue +4.6% year-over-year).
- 2016: Revenue of $277K, expenses of $328K, and assets of $507K (revenue +0.8% year-over-year).
- 2015: Revenue of $274K, expenses of $342K, and assets of $534K (revenue -21.6% year-over-year).
- 2014: Revenue of $350K, expenses of $323K, and assets of $663K (revenue -18.0% year-over-year).
- 2013: Revenue of $427K, expenses of $328K, and assets of $662K (revenue +52.3% year-over-year).
- 2012: Revenue of $281K, expenses of $302K, and assets of $550K (revenue -36.7% year-over-year).
- 2011: Revenue of $443K, expenses of $314K, and assets of $560K.
Data Sources and Methodology
This transparency report for Island Country Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.