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Institute for Shipboard Education

Fort Collins, Colorado · EIN 95-3075415 · Education · tax-exempt since 1977

A

Charity Clarity grade A (score 86.0 of 100), based on the Form 990 for the year ended May 2025.

Graded against 26,129 education nonprofits with revenue $10M–$50M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.10.7 months91
GovernanceBoard independence, key policies and audit, per the 990.90% of practices90
Margin stabilityHow steady the surplus or deficit is year to year.78
Revenue spreadHow much revenue rests on one type of income.9% from one source74
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.95.5%not scored
Management costsShare of spending.0.6%not scored
Cost to raise $1Fundraising cost per dollar given.$0.36not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201620172018202020212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
May 2025Form 990$44.27M$42.10M$2.17M$37.61M10.7194A
May 2024Form 990$42.53M$41.35M$1.19M$34.32M10.0194A
May 2023Form 990$39.47M$38.70M$771K$31.17M9.7229B
May 2022Form 990$21.00M$24.79M−$3.80M$30.67M14.8130C
May 2021Form 990$5.79M$13.52M−$7.73M$35.91M31.9174C
May 2020Form 990$38.96M$36.48M$2.48M$41.68M13.7253B
May 2018Form 990$41.43M$36.48M$4.95M$29.29M9.6188A
May 2017Form 990$41.59M$35.08M$6.51M$24.28M8.3196A
May 2016Form 990$36.15M$31.75M$4.40M$17.68M6.7192A

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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