Valhalla Sailing Project Ltd

Analysis

Valhalla Sailing Project Ltd is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in January 2016, 10 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 October 2023, Valhalla Sailing Project Ltd reported income of $52k and spending of $39k, leaving 26% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $49k to $52k (+5.6%), an average of +5.6% a year. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valhalla Sailing Project Ltd sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Feeding America Eastern Wisconsin Foundation Inc ($52k), Lighted Way Foundation ($52k) and Congregations Helping People ($52k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.