I Love My Island Inc is a 501(c)(3) organization based in Merritt Is, Florida, registered in 2014, with $782,758 in FY2024 revenue. CharityIndex grades it C.
Revenue (FY2024)
$783K
▲ 15.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$763K
Net assets
$92K
Employees
—
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 I Love My Island Inc— 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 I Love My Island Inc: 1 mo reserves · +3% margin earns a C+ 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 I Love My Island Inc— 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 I Love My Island Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $222K (FY2014) to $783K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$196K
Total liabilities
$104K
Net assets
$92K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $782,758▲15.7% | $762,607▲9.7% | $91,915▲28.1% | $196,300▲11.8% | 990 |
| 2023 | $676,768▲15.9% | $695,165▲18.8% | $71,764▼20.4% | $175,555▼9.2% | 990 |
| 2022 | $584,158▲7.2% | $585,065▲5.1% | $90,160▲20.1% | $193,391▲8.7% | 990 |
| 2021 | $545,115▲8.8% | $556,410▲25.2% | $75,049▼13.1% | $177,953▼5.8% | 990 |
| 2020 | $500,909▲14.1% | $444,292▲8.0% | $86,344▲314% | $188,861▲218% | 990 |
| 2019 | $439,068▲9.4% | $411,257▲6.6% | $20,840▲45.4% | $59,427▲41.8% | 990 |
| 2018 | $401,342▲15.1% | $385,625▲16.2% | $14,331▲2116% | $41,899▼9.3% | 990 |
| 2017 | $348,735▲29.0% | $331,997▲25.7% | -$711▲96.2% | $46,192▲97.9% | 990 |
| 2016 | $270,375▼15.2% | $264,069▼14.7% | -$18,488▲26.4% | $23,345▼1.3% | 990 |
| 2015 | $318,746▲43.4% | $309,478▲20.6% | -$25,129▲26.9% | $23,650▼11.4% | 990 |
| 2014 | $222,222 | $256,620 | -$34,397 | $26,683 | 990 |
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.
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Data for I Love My Island Inc (EIN 46-5191767) 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.