Passes our checks

Peaks Island Fund Inc

EIN 92-3794520 · Peaks Island, ME

Public records show a registered, tax-exempt organization in good standing.

What it says it does

The activity of the organization is to provide funding and support for IRC Section 501 (c) (3) organizations operating on Peaks Island, Maine

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 82% of charities in its peer group (philanthropy, under $250k).

Reserves
35 of 35
Spendable reserves would cover 110.9 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 38% of income.
Income trend
15 of 15
Income rose 72% on the year before.
Spending floor
15 of 15
71% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 91% of charities in its peer group (philanthropy, under $250k).

Independent board
25 of 25
15 of 15 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Pay set independently
5 of 5
Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)

The organizations support of the Peaks Island Newspaper lead to the creation of the Newspaper in 2023 with a Grant of 10,000.00 this initial Grant allowed a trial version of the paper to be published. In 2024 and 2025 with continuing support the newspaper is able to expand to a monthly publication which is now mailed to every household on the island
The Peaks Island Childrens workshop has been nuturing the children of peaks for more than 50 years. The workshop is critical in making the island viable to young families. The organization has supported the workshop with a full grant of $10,000 per year providing critically needed support
The Fifth Maine Regiment Museum is a vital part of the island and is important for both its history and its community gathering space. The organization has supported the Museum by helping with critical infrastructure to ensure that the museum remains a major attaction for island visitors and residents alike.
$105,857 spent. The Activity of the Organization is to provide funding and support for IRC Section 501 (c) (3) organizations operating on Peaks Island Maine. The organization raised $ 152,385 from donations. Consistent with Fiduciary principles, the Organization made available 4% of the fund for grant making purposes. The Organization incurred expenses of $149546 including payment of grants of $104,045. These Grants were made to 13 different island organizations.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.