Sail to Prevail Inc

Analysis

Sail to Prevail Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sail to Prevail Inc reported income of $622k and spending of $517k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $860k to $622k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sail to Prevail Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Pediatric Oncology Support Team Inc ($621k), Family Care Foundation ($622k) and Project N95 ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $130k (25% of expenses). Other salaries and wages came to $48k. At year end it held assets of $2.4m against liabilities of $33k, net assets of $2.3m. It reported 2 employees.