Ship Outreach and Community Center Inc

Analysis

Ship Outreach and Community Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2010, 16 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 September 2023, Ship Outreach and Community Center Inc reported income of $805k and spending of $582k, leaving 28% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $208k to $805k (+286%), an average of +57% a year. The sharpest change came in the year to September 2022, when income rose by 175%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ship Outreach and Community Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Northside Inter-Community Agency Inc ($804k), Little Giants Learning Center ($805k) and Adult Care Center of Roanoke Valley Inc ($804k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $193k. At year end it held assets of $1.1m against liabilities of $513k, net assets of $620k. It reported 10 employees.