Sail of Hope International

Analysis

Sail of Hope International is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in January 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, Sail of Hope International reported income of $111k and spending of $110k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $111k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sail of Hope International sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include White Rose Foundation ($111k), H20 Water of Life Ministries ($111k) and Manos a LA Obra Ministry Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.