Islesboro Community Fund
Islesboro Community Fund shows strong asset growth and zero executive compensation over a decade.
EIN: 16019442 · Islesboro, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $189K |
| Program Spending | 90% |
| Net Assets | $623K |
| Transparency Score | 95/100 |
Is Islesboro Community Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islesboro Community Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islesboro Community Fund
Islesboro Community Fund (EIN: 16019442) is a nonprofit organization based in Islesboro, ME. The organization reported total revenue of $200K and total assets of $605K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islesboro Community Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islesboro Community Fund is a small nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $189K |
| Surplus / Deficit | $-3,552 |
| Total Assets | $627K |
| Total Liabilities | $4K |
| Net Assets | $623K |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 39.8 months |
Financial Health Grade: B
In 2023, Islesboro Community Fund reported a deficit of $4K with expenses exceeding revenue, holds 39.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Islesboro Community Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +58.2% | +1.2% |
| 2022 | -13.2% | -4.3% | -0.2% |
| 2021 | +9.1% | +15.0% | +42.6% |
| 2020 | +46.6% | +24.9% | +28.0% |
| 2019 | +38.2% | +6.7% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
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 Islesboro Community Fund 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Islesboro Community Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through non-officer roles, which is highly commendable for a nonprofit of its size.
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 Islesboro Community Fund:
- Consistent asset growth, from $183,309 in 2014 to $626,867 in 2023.
- Zero officer compensation reported across all 13 filings, indicating high efficiency and volunteer leadership.
- Very low liabilities, often $0, demonstrating strong financial management.
- Consistent revenue generation and growth over a decade.
- Strong program spending due to minimal administrative overhead from salaries.
Frequently Asked Questions about Islesboro Community Fund
Is Islesboro Community Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Islesboro Community Fund (EIN: 16019442) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Islesboro Community Fund spend its money?
Islesboro Community Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Islesboro Community Fund tax-deductible?
Islesboro Community Fund is registered as a tax-exempt nonprofit (EIN: 16019442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Islesboro Community Fund located?
Islesboro Community Fund is headquartered in Islesboro, Maine and files with the IRS under EIN 16019442.
How many years of IRS 990 filings does Islesboro Community Fund have?
Islesboro Community Fund 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 $200K in total revenue.
Is Islesboro Community Fund a good charity?
Based on the provided data, the Islesboro Community Fund appears to be a very good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation for over a decade.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets grew from $183,309 in 2014 to $626,867 in 2023, and revenue has nearly doubled from $107,524 in 2014 to $185,251 in 2023, indicating robust growth and sustainability.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly efficient, with 0% officer compensation reported in all available filings. This suggests a volunteer-driven leadership model, allowing more resources to be allocated to programs.
Filing History
IRS 990 filing history for Islesboro Community Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Islesboro Community Fund's revenue has grown by 81.4%, moving from $102K to $185K. Total assets increased by 349% over the same period, from $140K to $627K. Total functional expenses rose by 152%, from $75K to $189K. In its most recent filing year (2023), Islesboro Community Fund reported a deficit of $4K, with expenses exceeding revenue. The organization holds $4K in liabilities against $627K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $623K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $189K | $627K | $4K | — | View 990 |
| 2022 | $189K | $119K | $619K | $159 | — | View 990 |
| 2021 | $217K | $125K | $621K | $0 | — | View 990 |
| 2020 | $199K | $108K | $435K | $0 | — | View 990 |
| 2019 | $136K | $87K | $340K | $0 | — | View 990 |
| 2018 | $98K | $81K | $287K | $0 | — | View 990 |
| 2017 | $106K | $82K | $272K | $0 | — | View 990 |
| 2016 | $128K | $106K | $242K | $0 | — | View 990 |
| 2015 | $136K | $83K | $232K | $0 | — | View 990 |
| 2014 | $108K | $114K | $183K | $0 | — | View 990 |
| 2013 | $100K | $82K | $190K | $0 | — | View 990 |
| 2012 | $112K | $79K | $173K | $453 | — | View 990 |
| 2011 | $102K | $75K | $140K | $220 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $189K, and assets of $627K (revenue -1.7% year-over-year).
- 2022: Revenue of $189K, expenses of $119K, and assets of $619K (revenue -13.2% year-over-year).
- 2021: Revenue of $217K, expenses of $125K, and assets of $621K (revenue +9.1% year-over-year).
- 2020: Revenue of $199K, expenses of $108K, and assets of $435K (revenue +46.6% year-over-year).
- 2019: Revenue of $136K, expenses of $87K, and assets of $340K (revenue +38.2% year-over-year).
- 2018: Revenue of $98K, expenses of $81K, and assets of $287K (revenue -6.9% year-over-year).
- 2017: Revenue of $106K, expenses of $82K, and assets of $272K (revenue -17.4% year-over-year).
- 2016: Revenue of $128K, expenses of $106K, and assets of $242K (revenue -5.7% year-over-year).
- 2015: Revenue of $136K, expenses of $83K, and assets of $232K (revenue +26.1% year-over-year).
- 2014: Revenue of $108K, expenses of $114K, and assets of $183K (revenue +7.6% year-over-year).
- 2013: Revenue of $100K, expenses of $82K, and assets of $190K (revenue -10.9% year-over-year).
- 2012: Revenue of $112K, expenses of $79K, and assets of $173K (revenue +9.9% year-over-year).
- 2011: Revenue of $102K, expenses of $75K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islesboro Community Fund:
Data Sources and Methodology
This transparency report for Islesboro Community Fund 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.