Sails Up 4 Cancer Inc

Analysis

Sails Up 4 Cancer Inc is a registered charity in United States, based in Mystic, CT. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Sails Up 4 Cancer Inc reported income of $112k and spending of $150k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $112k (-11%), an average of -11% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sails Up 4 Cancer Inc 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 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Peoples Center Investment Corporation ($112k), Renewing Hope Ministries ($112k) and Inner Light Midwifery Inc ($112k).

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 $85k against liabilities of $0, net assets of $85k.