Same Boat Ministries Inc

Analysis

Same Boat Ministries Inc is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Same Boat Ministries Inc reported income of $67k and spending of $90k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $67k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Same Boat Ministries Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Willow Pond Farm I Inc ($67k), Be Not Afraid Inc ($67k) and Our Lady of Lourdes Benevolent Association Inc ($67k).

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 $12k against liabilities of $0, net assets of $12k.