Boat People Sos Inc

Analysis

Boat People Sos Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, Boat People Sos Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boat People Sos Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Mitchell-Baker Service Center Inc ($1.8m), The Bridge ($1.8m) and Ajls Wings of Hope Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $857k. At year end it held assets of $1.4m against liabilities of $1.2m, net assets of $194k. It reported 24 employees.