898566609RR0001 — 0010
Registered — Lantzville, BC — Charitable Organization
Scores: Legitimacy 100/100 · Effectiveness 89/100
Financials: Revenue $8,015,304 · Expenditures $7,607,365
Central Island Independent School Society operates a large independent school near Nanaimo, BC, with over $8 million in annual revenue — making it one of the most substantial independent schools on Vancouver Island. While reserves are healthy at 7.4 months (well above the 4.3-month peer median), the school's top salary bracket of 6 and a dramatic program spending shift draw attention alongside an A+ trust grade.
Our Verdict: A large, financially stable independent school with healthy reserves and growing revenue. The top salary bracket of 6 (far above the peer median of 2) is the most notable financial feature — donors should understand this reflects significant executive compensation for a school of this size. Program spending at 72.6% is below typical school norms, and the spending shift flag warrants context. Overall, the school is financially sound with strong reserves, but the overhead profile is heavier than leaner peers.