Out of the Boat Ministries Inc

Analysis

Out of the Boat Ministries Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Out of the Boat Ministries Inc reported income of $163k and spending of $164k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $163k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Out of the Boat Ministries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Movement Day Greater Dallas ($163k), Bay Area Vipassana Center ($163k) and Ducks on the Pond Realty ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,032 against liabilities of $1,200, net assets of $3,832.