Serving All Vessels Equally

Analysis

Serving All Vessels Equally is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Serving All Vessels Equally reported income of $89k and spending of $273k, spending 306% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $89k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serving All Vessels Equally sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Rise International Inc ($89k), Okni Foundation ($89k) and Lakewood Police Employee Assistance Foundation ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (26% of expenses). Other salaries and wages came to $91k. At year end it held assets of $2,135 against liabilities of $0, net assets of $2,135. It reported 6 employees.