Healthy Island Project is a 501(c)(3) organization based in Stonington, Maine, registered in 2004, with $394,898 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$395K
▲ 28.6% vs prior year
Health median: $840K
Expenses (FY2024)
$342K
Net assets
$444K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Healthy Island Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Healthy Island Project: 16 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Healthy Island Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Healthy Island Project: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $37K (FY2011) to $395K (FY2024) across 8 reported years.
Financial snapshot
Operating margin
13.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$899K
Total liabilities
$455K
Net assets
$444K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $394,898▲28.6% | $342,463▲42.5% | $443,994▲13.0% | $899,257▲128% | 990 |
| 2023 | $307,187▲6.3% | $240,378▲26.6% | $392,919▲22.0% | $393,922▲22.3% | 990 |
| 2022 | $289,083▲23.2% | $189,870▼6.9% | $322,165▲32.7% | $322,165▲32.7% | 990 |
| 2021 | $234,608▲13.1% | $203,837▲15.1% | $242,847▲23.8% | $242,847▲23.8% | 990 |
| 2020 | $207,406▲509% | $177,155▲541% | $196,172▲43.2% | $196,172▲43.0% | 990 |
| 2013 | $34,038▼1.7% | $27,650▲21.4% | $136,953▲11.9% | $137,224▲11.0% | 990EZ |
| 2012 | $34,639▼6.7% | $22,775▼20.9% | $122,358▲17.7% | $123,659▲18.9% | 990EZ |
| 2011 | $37,113 | $28,807 | $103,972 | $103,995 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
18 grants to Healthy Island Project totaling $294K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tides Foundation | Healthy individuals and communities | 2024 | $75,000 |
| Maine Community Foundation Inc | Public health | 2024 | $15,000 |
| Good Sheperd Food Bank | Food distribution programs | 2024 | $6,878 |
| Good Sheperd Food Bank | Food distribution programs | 2024 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $36,500 |
| Maine Community Foundation Inc | Public health | 2023 | $14,000 |
| Donor Advised Charitable Giving | Health | 2023 | $6,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $21,900 |
| Maine Community Foundation Inc | Public health | 2022 | $14,000 |
| Donor Advised Charitable Giving | Health | 2022 | $5,850 |
| Maine Community Foundation Inc | Public health, covid-19 related assistance | 2021 | $18,100 |
| Network For Good Inc | Unrestricted | 2021 | $5,885 |
| Donor Advised Charitable Giving | Health | 2021 | $5,250 |
| Maine Community Foundation Inc | Public health, covid-19 related assistance | 2020 | $28,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $19,950 |
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Data for Healthy Island Project (EIN 57-1171776) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.