Pirates Inc

Analysis

Pirates Inc is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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, Pirates Inc reported income of $191k and spending of $212k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $191k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pirates Inc 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 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Mount Airy Rescue Squad Incorporated ($191k), Menorah Ministries Inc ($191k) and Ecumenical Food Bank Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.