Partners In Island Education Inc
Partners In Island Education Inc shows consistent financial growth and zero executive compensation over a decade.
EIN: 10527404 · Vinalhaven, ME · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $393K |
| Total Expenses | $253K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 95/100 |
Is Partners In Island Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Partners In Island Education Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Partners In Island Education Inc
Partners In Island Education Inc (EIN: 10527404) is a nonprofit organization based in Vinalhaven, ME, classified under NTEE code T12. The organization reported total revenue of $393K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Partners In Island Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Partners In Island Education Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $302K |
| Total Expenses | $253K |
| Surplus / Deficit | +$49K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 16.2% |
| Months of Reserves | 72.3 months |
Financial Health Grade: A
In 2024, Partners In Island Education Inc reported a surplus of $49K with revenue exceeding expenses, holds 72.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Partners In Island Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +103.4% | +66.1% | +13.4% |
| 2023 | -46.4% | -18.0% | +6.3% |
| 2022 | +38.5% | +67.9% | -2.8% |
| 2021 | -27.2% | +4.4% | +38.0% |
| 2020 | +21.9% | -6.4% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Partners In Island Education Inc 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, Partners In Island Education Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an organization of its size with growing 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 Partners In Island Education Inc's IRS 990 filings:
- None identified based on the provided financial data.
Strengths
The following positive indicators were identified for Partners In Island Education Inc:
- Consistent asset growth, from $393,089 in 2015 to $1,823,357 in 2024.
- Zero officer compensation reported across all 13 filings, indicating high efficiency and dedication to mission.
- Very low liabilities, often $0, demonstrating strong financial management and low risk.
- Consistent surplus of revenue over expenses in most years, contributing to financial stability.
- Long history of public filings (13 filings) indicating strong transparency and accountability.
Frequently Asked Questions about Partners In Island Education Inc
Is Partners In Island Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Partners In Island Education Inc (EIN: 10527404) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Partners In Island Education Inc spend its money?
Partners In Island Education Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Partners In Island Education Inc tax-deductible?
Partners In Island Education Inc is registered as a tax-exempt nonprofit (EIN: 10527404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Partners In Island Education Inc's spending goes to programs?
Partners In Island Education Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Partners In Island Education Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Partners In Island Education Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Partners In Island Education Inc located?
Partners In Island Education Inc is headquartered in Vinalhaven, Maine and files with the IRS under EIN 10527404. It is classified under NTEE code T12.
How many years of IRS 990 filings does Partners In Island Education Inc have?
Partners In Island Education Inc 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 $393K in total revenue.
Is Partners In Island Education Inc a good charity?
Based on its financial data, Partners In Island Education Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing all funds to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $103,173 in 2015 to $302,010 in 2024, and assets increasing from $393,089 to $1,823,357 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Partners In Island Education Inc has a highly ethical approach to executive compensation, consistently reporting 0% officer compensation across all 13 filings, meaning no salaries are paid to its officers.
Filing History
IRS 990 filing history for Partners In Island Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Partners In Island Education Inc's revenue has grown by 249.9%, moving from $86K to $302K. Total assets increased by 535.6% over the same period, from $240K to $1.5M. Total functional expenses rose by 173.6%, from $93K to $253K. In its most recent filing year (2024), Partners In Island Education Inc reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $302K | $253K | $1.5M | $0 | — | — |
| 2023 | $148K | $152K | $1.3M | $0 | — | View 990 |
| 2022 | $277K | $186K | $1.3M | $84 | — | View 990 |
| 2021 | $200K | $111K | $1.3M | $2K | — | View 990 |
| 2020 | $275K | $106K | $944K | $0 | — | View 990 |
| 2019 | $225K | $113K | $768K | $2K | — | View 990 |
| 2018 | $162K | $108K | $629K | $1K | — | View 990 |
| 2017 | $166K | $94K | $542K | $809 | — | View 990 |
| 2016 | $131K | $87K | $430K | $0 | — | View 990 |
| 2015 | $103K | $91K | $393K | $1K | — | View 990 |
| 2014 | $102K | $59K | $377K | $2K | — | View 990 |
| 2013 | $117K | $79K | $297K | $776 | — | View 990 |
| 2012 | $86K | $93K | $240K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $302K, expenses of $253K, and assets of $1.5M (revenue +103.4% year-over-year).
- 2023: Revenue of $148K, expenses of $152K, and assets of $1.3M (revenue -46.4% year-over-year).
- 2022: Revenue of $277K, expenses of $186K, and assets of $1.3M (revenue +38.5% year-over-year).
- 2021: Revenue of $200K, expenses of $111K, and assets of $1.3M (revenue -27.2% year-over-year).
- 2020: Revenue of $275K, expenses of $106K, and assets of $944K (revenue +21.9% year-over-year).
- 2019: Revenue of $225K, expenses of $113K, and assets of $768K (revenue +39.2% year-over-year).
- 2018: Revenue of $162K, expenses of $108K, and assets of $629K (revenue -2.6% year-over-year).
- 2017: Revenue of $166K, expenses of $94K, and assets of $542K (revenue +27.0% year-over-year).
- 2016: Revenue of $131K, expenses of $87K, and assets of $430K (revenue +26.9% year-over-year).
- 2015: Revenue of $103K, expenses of $91K, and assets of $393K (revenue +0.7% year-over-year).
- 2014: Revenue of $102K, expenses of $59K, and assets of $377K (revenue -12.2% year-over-year).
- 2013: Revenue of $117K, expenses of $79K, and assets of $297K (revenue +35.2% year-over-year).
- 2012: Revenue of $86K, expenses of $93K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Partners In Island Education Inc:
Data Sources and Methodology
This transparency report for Partners In Island Education Inc 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.