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
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $14.5M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Island Grown Initiative Ltd Form 990, Revenue, CEO Pay, and IRS Filing Signals
Island Grown Initiative Ltd is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Island Grown Initiative Ltd in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $7.1M and expenses of $3.1M.
Revenue and Expenses
Island Grown Initiative Ltd reported $7.1M in revenue and $3.1M in expenses, a surplus of $4.0M.
Executive Compensation
Top officer compensation appears as $7 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Island Grown Initiative Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.6M (85%) |
Across stored filings, Island Grown Initiative Ltd shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Category K context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
All Category K
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Vineyard Hvn, MA nonprofitsCategory K in Massachusetts
Human Services in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category K spending
Best Category K charities in Massachusetts
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
North American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideMarthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideGrowing Places Garden Project Inc
Leominster, MA · $2.1M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Island Grown Initiative Ltd directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Island Grown Initiative Ltd is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $16.1M |
| Total Liabilities | $1.7M |
| Net Assets | $14.5M |
| Operating Margin | 56.3% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 62.6 months |
Financial Health Grade: A
In 2023, Island Grown Initiative Ltd reported a surplus of $4.0M with revenue exceeding expenses, holds 62.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Grown Initiative Ltd's revenue has grown at a compound annual growth rate (CAGR) of 32.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +4.9% | +34.7% |
| 2022 | +69.6% | +20.7% | +41.7% |
| 2021 | +61.9% | +33.5% | +50.9% |
| 2020 | +29.3% | +20.7% | +7.9% |
| 2019 | +22.0% | +7.7% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.4%.
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 legitimate charity?
Island Grown Initiative Ltd (EIN: 205773892) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.2M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Island Grown Initiative Ltd spend its money?
Island Grown Initiative Ltd directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Island Grown Initiative Ltd tax-deductible?
Island Grown Initiative Ltd is registered as a tax-exempt nonprofit (EIN: 205773892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Island Grown Initiative Ltd CEO make?
Island Grown Initiative Ltd's highest-compensated officer earns $7 annually. The organization reported $6.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Island Grown Initiative Ltd's spending goes to programs?
Island Grown Initiative Ltd directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Island Grown Initiative Ltd compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Island Grown Initiative Ltd is above average for NTEE category K30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Island Grown Initiative Ltd located?
Island Grown Initiative Ltd is headquartered in Vineyard Hvn, Massachusetts and files with the IRS under EIN 205773892. It is classified under NTEE code K30.
How many years of IRS 990 filings does Island Grown Initiative Ltd have?
Island Grown Initiative Ltd has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.2M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Grown Initiative Ltd:
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.