Peace Boat US

Analysis

Peace Boat US is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Peace Boat US reported income of $276k and spending of $288k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $228k to $276k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Peace Boat US sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Educate Youth ($276k), Forging Youth Resilience ($276k) and Restoration Incorporated Ministries ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $49k (17% of expenses). At year end it held assets of $120k against liabilities of $13k, net assets of $107k. It reported 1 employees.