Island Institute
Island Institute: Coastal Maine's Economic and Environmental Champion
EIN: 222786731 · Rockland, ME · NTEE: B82Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $9.0M |
| Program Spending | 79% |
| Net Assets | $35.6M |
| Transparency Score | 85/100 |
Is Island Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Island Institute directs 79% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Institute
Island Institute (EIN: 222786731) is a nonprofit organization based in Rockland, ME, classified under NTEE code B82Z. The organization reported total revenue of $12.0M and total assets of $38.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Institute is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $9.0M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $36.6M |
| Total Liabilities | $1.0M |
| Net Assets | $35.6M |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 49.1 months |
Financial Health Grade: A
In 2023, Island Institute reported a surplus of $2.4M with revenue exceeding expenses, holds 49.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Institute's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.8% | +24.7% | +4.9% |
| 2022 | -10.2% | -3.0% | -13.3% |
| 2021 | +65.7% | +13.2% | +19.2% |
| 2020 | +5.6% | +14.5% | -2.6% |
| 2019 | -43.7% | -4.0% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
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 Institute 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: 10%
- programs: 79%
- fundraising: 11%
According to IRS 990 filings, Island Institute allocates its expenses as follows: admin: 10%, programs: 79%, fundraising: 11%. With 79% 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 $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing an assessment of its reasonableness relative to the organization's revenue and assets.
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 Institute's IRS 990 filings:
- No specific executive compensation figures are available in the provided data, making it impossible to evaluate this key area of financial stewardship.
Strengths
The following positive indicators were identified for Island Institute:
- Strong and consistent revenue growth, with total revenue increasing from $4,915,361 in 2016 to $11,333,497 in 2023.
- Healthy asset base, consistently above $30 million, providing financial stability and capacity for long-term initiatives.
- Low liability-to-asset ratio, indicating sound financial management and minimal debt burden.
- Consistent program spending, suggesting a stable commitment to its mission.
- Zero reported lobbying expenses, indicating a direct focus on mission-related activities.
Frequently Asked Questions about Island Institute
Is Island Institute a legitimate charity?
Island Institute (EIN: 222786731) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Island Institute spend its money?
Island Institute directs 79% of its spending to programs and services. Fundraising costs 11%. This exceeds the 65% industry benchmark.
Are donations to Island Institute tax-deductible?
Island Institute is registered as a tax-exempt nonprofit (EIN: 222786731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Island Institute's spending goes to programs?
Island Institute directs 79% to programs, 11% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Island Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Island Institute is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Island Institute located?
Island Institute is headquartered in Rockland, Maine and files with the IRS under EIN 222786731. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Island Institute have?
Island Institute 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 $12.0M in total revenue.
What does Island Institute do?
Island Institute is a nonprofit organization in the Education sector, located in Rockland, Maine. It is classified under NTEE code B82Z.
How much revenue does Island Institute have?
Island Institute reported total revenue of $12,014,394. Based on 13 IRS 990 filings on record.
What are Island Institute's total assets?
Island Institute holds total assets of $38,393,601 as reported in IRS 990 filings.
Where is Island Institute located?
Island Institute is based in Rockland, Maine.
What is Island Institute's EIN?
Island Institute's Employer Identification Number (EIN) is 222786731. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Island Institute?
Island Institute is classified under NTEE code B82Z (Education).
Is Island Institute a registered 501(c)(3)?
Yes, Island Institute is recognized as a tax-exempt organization by the IRS. EIN: 222786731.
Does Island Institute file IRS Form 990?
Yes, Island Institute has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Island Institute's revenue in 2023?
In the 202306 filing period, Island Institute reported total revenue of $11,333,497, total expenses of $8,955,717, and net assets of $36,646,542.
Is Island Institute's revenue growing or declining?
Island Institute's revenue is growing. Revenue went from $7,827,911 (202206) to $11,333,497 (202306), a +44.8% change. Based on 13 filings on record.
What is Island Institute's most recent 990 filing?
The most recent IRS Form 990 filing for Island Institute covers tax period 202306. It shows revenue of $11,333,497, expenses of $8,955,717, total assets of $36,646,542, and liabilities of $1,002,280.
How much does Island Institute spend on programs vs administration?
Based on IRS 990 analysis, Island Institute allocates approximately 79% of expenses to program services, 10% to administrative costs, and 11% to fundraising. This indicates strong program focus.
Is Island Institute a trustworthy charity?
Based on AI analysis of IRS 990 data, Island Institute appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 5 strengths noted.
What are the red flags for Island Institute?
The following concerns were identified: No specific executive compensation figures are available in the provided data, making it impossible to evaluate this key area of financial stewardship.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Island Institute's strengths?
Positive indicators for Island Institute include: Strong and consistent revenue growth, with total revenue increasing from $4,915,361 in 2016 to $11,333,497 in 2023.. Healthy asset base, consistently above $30 million, providing financial stability and capacity for long-term initiatives.. Low liability-to-asset ratio, indicating sound financial management and minimal debt burden.. Consistent program spending, suggesting a stable commitment to its mission.. Zero reported lobbying expenses, indicating a direct focus on mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Island Institute compensate executives?
Executive compensation details are not provided in the given data, preventing an assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the significant increase in revenue from $7,827,911 in 2022 to $11,333,497 in 2023 impact the organization's strategic planning and program expansion?
The substantial revenue increase of over $3.5 million in a single year suggests either successful fundraising campaigns, significant grant awards, or a combination. This influx of funds could enable the Island Institute to scale existing programs, launch new initiatives, or invest in long-term sustainability projects, potentially expanding its reach and impact on coastal communities.
Given the consistent asset base around $30-40 million, what is the organization's strategy for asset utilization and investment to further its mission?
A stable and substantial asset base indicates financial health. The organization likely employs a strategy of prudent investment to generate additional income, maintain reserves for unforeseen circumstances, and potentially fund endowment-like structures that provide a consistent revenue stream for its programs, ensuring long-term operational capacity.
Filing History
IRS 990 filing history for Island Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Island Institute's revenue has grown by 117.8%, moving from $5.2M to $11.3M. Total assets increased by 78.8% over the same period, from $20.5M to $36.6M. Total functional expenses rose by 82.6%, from $4.9M to $9.0M. In its most recent filing year (2023), Island Institute reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $36.6M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $35.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.3M | $9.0M | $36.6M | $1.0M | — | View 990 |
| 2022 | $7.8M | $7.2M | $34.9M | $906K | — | View 990 |
| 2021 | $8.7M | $7.4M | $40.3M | $1.5M | — | View 990 |
| 2020 | $5.3M | $6.5M | $33.8M | $1.5M | — | View 990 |
| 2019 | $5.0M | $5.7M | $34.7M | $1.0M | — | View 990 |
| 2018 | $8.8M | $5.9M | $35.1M | $878K | — | View 990 |
| 2017 | $11.8M | $5.4M | $31.3M | $604K | — | View 990 |
| 2016 | $4.9M | $5.2M | $23.7M | $715K | — | View 990 |
| 2015 | $6.1M | $5.5M | $24.6M | $813K | — | View 990 |
| 2014 | $6.7M | $5.8M | $24.5M | $1.1M | — | View 990 |
| 2013 | $6.0M | $5.7M | $22.2M | $1.1M | — | View 990 |
| 2012 | $5.7M | $4.8M | $21.1M | $993K | — | View 990 |
| 2011 | $5.2M | $4.9M | $20.5M | $602K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.3M, expenses of $9.0M, and assets of $36.6M (revenue +44.8% year-over-year).
- 2022: Revenue of $7.8M, expenses of $7.2M, and assets of $34.9M (revenue -10.2% year-over-year).
- 2021: Revenue of $8.7M, expenses of $7.4M, and assets of $40.3M (revenue +65.7% year-over-year).
- 2020: Revenue of $5.3M, expenses of $6.5M, and assets of $33.8M (revenue +5.6% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.7M, and assets of $34.7M (revenue -43.7% year-over-year).
- 2018: Revenue of $8.8M, expenses of $5.9M, and assets of $35.1M (revenue -25.3% year-over-year).
- 2017: Revenue of $11.8M, expenses of $5.4M, and assets of $31.3M (revenue +141.0% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.2M, and assets of $23.7M (revenue -19.7% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.5M, and assets of $24.6M (revenue -8.4% year-over-year).
- 2014: Revenue of $6.7M, expenses of $5.8M, and assets of $24.5M (revenue +11.1% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.7M, and assets of $22.2M (revenue +5.1% year-over-year).
- 2012: Revenue of $5.7M, expenses of $4.8M, and assets of $21.1M (revenue +10.0% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.9M, and assets of $20.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Institute:
Data Sources and Methodology
This transparency report for Island Institute 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.