Island Grown Initiative Ltd

Island Grown Initiative Ltd shows strong financial growth with revenue significantly exceeding expenses and zero reported officer compensation.

EIN: 205773892 · Vineyard Hvn, MA · NTEE: K30 · Updated: 2026-03-28

$6.2MRevenue

$19.8MAssets

90/100Mission Score (Excellent)

K30

About Island Grown Initiative Ltd

Island Grown Initiative Ltd (EIN: 205773892) is a nonprofit organization based in Vineyard Hvn, MA, classified under NTEE code K30. The organization reported total revenue of $6.2M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Grown Initiative Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Island Grown Initiative Ltd with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Island Grown Initiative Ltd allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $7 million in revenue and nearly $20 million in assets. This suggests either a volunteer leadership model or that compensation is reported under other expense categories, warranting further investigation for complete transparency.

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.

Red Flags

The following concerns were identified during AI analysis of Island Grown Initiative Ltd's IRS 990 filings:

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

The following positive indicators were identified for Island Grown Initiative Ltd:

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.

Frequently Asked Questions about Island Grown Initiative Ltd

Is Island Grown Initiative Ltd a good charity?

Based on the available financial data, Island Grown Initiative Ltd appears to be a financially healthy and growing organization. Its revenue has consistently outpaced expenses, leading to significant asset growth. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, though it also raises questions about how leadership is compensated or structured.

How has Island Grown Initiative Ltd's financial health changed over time?

Island Grown Initiative Ltd has experienced remarkable financial growth. Revenue increased from $1,717,292 in 2019 to $7,074,716 in 2023, and assets grew from $5,192,966 to $16,142,198 over the same period. This indicates a strong upward trend in financial capacity and sustainability.

What is the organization's approach to executive compensation?

The IRS 990 filings consistently report 0% officer compensation. This suggests that either the organization's leadership is entirely volunteer-based, or executive compensation is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms to understand.

Filing History

IRS 990 filing history for Island Grown Initiative Ltd showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Island Grown Initiative Ltd's revenue has grown by 2697.9%, moving from $253K to $7.1M. Total assets increased by 11247.4% over the same period, from $142K to $16.1M. Total functional expenses rose by 1916.9%, from $153K to $3.1M. In its most recent filing year (2023), Island Grown Initiative Ltd reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $16.1M in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $14.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.1M	$3.1M	$16.1M	$1.7M	—	View 990
2022	$6.1M	$2.9M	$12.0M	$1.5M	—	View 990
2021	$3.6M	$2.4M	$8.5M	$1.1M	—	View 990
2020	$2.2M	$1.8M	$5.6M	$1.1M	—	—
2019	$1.7M	$1.5M	$5.2M	$1.1M	—	View 990
2018	$1.4M	$1.4M	$5.1M	$1.1M	—	View 990
2017	$1.2M	$1.2M	$5.1M	$1.1M	—	View 990
2016	$985K	$998K	$5.3M	$1.3M	—	View 990
2015	$904K	$928K	$5.5M	$1.5M	—	View 990
2014	$1.1M	$912K	$5.7M	$1.7M	—	View 990
2013	$690K	$519K	$5.7M	$1.9M	—	View 990
2012	$3.8M	$227K	$4.4M	$761K	—	View 990
2011	$253K	$153K	$142K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.1M, expenses of $3.1M, and assets of $16.1M (revenue +16.0% year-over-year).
2022: Revenue of $6.1M, expenses of $2.9M, and assets of $12.0M (revenue +69.6% year-over-year).
2021: Revenue of $3.6M, expenses of $2.4M, and assets of $8.5M (revenue +61.9% year-over-year).
2020: Revenue of $2.2M, expenses of $1.8M, and assets of $5.6M (revenue +29.3% year-over-year).
2019: Revenue of $1.7M, expenses of $1.5M, and assets of $5.2M (revenue +22.0% year-over-year).
2018: Revenue of $1.4M, expenses of $1.4M, and assets of $5.1M (revenue +13.6% year-over-year).
2017: Revenue of $1.2M, expenses of $1.2M, and assets of $5.1M (revenue +25.7% year-over-year).
2016: Revenue of $985K, expenses of $998K, and assets of $5.3M (revenue +8.9% year-over-year).
2015: Revenue of $904K, expenses of $928K, and assets of $5.5M (revenue -15.6% year-over-year).
2014: Revenue of $1.1M, expenses of $912K, and assets of $5.7M (revenue +55.3% year-over-year).
2013: Revenue of $690K, expenses of $519K, and assets of $5.7M (revenue -81.6% year-over-year).
2012: Revenue of $3.8M, expenses of $227K, and assets of $4.4M (revenue +1383.4% year-over-year).
2011: Revenue of $253K, expenses of $153K, and assets of $142K.

Data Sources and Methodology

This transparency report for Island Grown Initiative Ltd 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.