Island Harvest Ltd
Island Harvest Ltd consistently directs a high percentage of spending to programs with no reported officer compensation.
EIN: 113136350 · Melville, NY · NTEE: P20Z · Updated: 2026-03-28
Is Island Harvest Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Island Harvest Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Harvest Ltd
Island Harvest Ltd (EIN: 113136350) is a nonprofit organization based in Melville, NY, classified under NTEE code P20Z. The organization reported total revenue of $48.7M and total assets of $21.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Harvest Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Harvest Ltd is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37.0M |
| Total Expenses | $34.0M |
| Surplus / Deficit | +$3.0M |
| Total Assets | $20.3M |
| Total Liabilities | $3.2M |
| Net Assets | $17.1M |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Island Harvest Ltd reported a surplus of $3.0M with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Harvest Ltd's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | -0.4% | +9.1% |
| 2022 | -25.7% | -19.5% | -4.0% |
| 2021 | +36.0% | +45.2% | +82.1% |
| 2020 | +42.3% | +27.5% | +86.5% |
| 2019 | +10.3% | +6.1% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Harvest Ltd with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Island Harvest Ltd allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $3.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Island Harvest Ltd consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with revenues exceeding $48 million. This suggests either a volunteer executive leadership or compensation structured in a way that is not reported under 'officer compensation' on the 990, warranting further inquiry but generally indicating a strong focus on mission over executive pay.
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 Harvest Ltd's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may warrant further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Island Harvest Ltd:
- Strong program spending ratio, indicating efficient use of funds towards its mission.
- Significant and consistent growth in revenue and assets over the past decade, demonstrating financial stability and increasing capacity.
- No reported officer compensation across all filings, suggesting a highly mission-driven approach to leadership.
- Healthy asset-to-liability ratio, indicating sound financial management and reserves.
- Consistent IRS 990 filing history, reflecting good transparency practices.
Frequently Asked Questions about Island Harvest Ltd
Is Island Harvest Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Harvest Ltd (EIN: 113136350) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Island Harvest Ltd spend its money?
Island Harvest Ltd directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Island Harvest Ltd tax-deductible?
Island Harvest Ltd is registered as a tax-exempt nonprofit (EIN: 113136350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Island Harvest Ltd a good charity?
Based on the available IRS 990 data, Island Harvest Ltd appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services, demonstrates strong financial growth, and reports no officer compensation, all of which are positive indicators of efficiency and mission focus.
How has Island Harvest Ltd's financial health changed over time?
Island Harvest Ltd has shown significant financial growth and stability. Revenue has grown from $18,513,842 in 2015 to $48,715,300 currently, and assets have increased from $3,715,780 in 2015 to $21,109,973, indicating robust financial health and capacity building.
What is the trend in Island Harvest Ltd's liabilities?
Island Harvest Ltd's liabilities have fluctuated but generally remained manageable relative to its assets. For example, in 2023, liabilities were $3,186,770 against assets of $20,325,237, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Island Harvest Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Island Harvest Ltd's revenue has grown by 137.2%, moving from $15.6M to $37.0M. Total assets increased by 503.1% over the same period, from $3.4M to $20.3M. Total functional expenses rose by 119.4%, from $15.5M to $34.0M. In its most recent filing year (2023), Island Harvest Ltd reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $20.3M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37.0M | $34.0M | $20.3M | $3.2M | — | View 990 |
| 2022 | $34.5M | $34.2M | $18.6M | $4.5M | — | View 990 |
| 2021 | $46.4M | $42.4M | $19.4M | $5.2M | — | View 990 |
| 2020 | $34.1M | $29.2M | $10.7M | $747K | — | View 990 |
| 2019 | $24.0M | $22.9M | $5.7M | $691K | — | View 990 |
| 2018 | $21.7M | $21.6M | $4.6M | $663K | — | View 990 |
| 2017 | $12.2M | $11.9M | $4.1M | $291K | — | View 990 |
| 2016 | $20.9M | $20.8M | $3.9M | $300K | — | View 990 |
| 2015 | $18.5M | $18.6M | $3.7M | $239K | — | View 990 |
| 2014 | $19.1M | $19.7M | $3.9M | $223K | — | View 990 |
| 2013 | $26.6M | $28.3M | $4.4M | $154K | — | View 990 |
| 2012 | $26.8M | $24.2M | $6.0M | $137K | — | View 990 |
| 2011 | $15.6M | $15.5M | $3.4M | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.0M, expenses of $34.0M, and assets of $20.3M (revenue +7.4% year-over-year).
- 2022: Revenue of $34.5M, expenses of $34.2M, and assets of $18.6M (revenue -25.7% year-over-year).
- 2021: Revenue of $46.4M, expenses of $42.4M, and assets of $19.4M (revenue +36.0% year-over-year).
- 2020: Revenue of $34.1M, expenses of $29.2M, and assets of $10.7M (revenue +42.3% year-over-year).
- 2019: Revenue of $24.0M, expenses of $22.9M, and assets of $5.7M (revenue +10.3% year-over-year).
- 2018: Revenue of $21.7M, expenses of $21.6M, and assets of $4.6M (revenue +78.8% year-over-year).
- 2017: Revenue of $12.2M, expenses of $11.9M, and assets of $4.1M (revenue -42.0% year-over-year).
- 2016: Revenue of $20.9M, expenses of $20.8M, and assets of $3.9M (revenue +13.1% year-over-year).
- 2015: Revenue of $18.5M, expenses of $18.6M, and assets of $3.7M (revenue -2.8% year-over-year).
- 2014: Revenue of $19.1M, expenses of $19.7M, and assets of $3.9M (revenue -28.5% year-over-year).
- 2013: Revenue of $26.6M, expenses of $28.3M, and assets of $4.4M (revenue -0.7% year-over-year).
- 2012: Revenue of $26.8M, expenses of $24.2M, and assets of $6.0M (revenue +72.0% year-over-year).
- 2011: Revenue of $15.6M, expenses of $15.5M, and assets of $3.4M.
Data Sources and Methodology
This transparency report for Island Harvest 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.