Global Vessels Inc

Analysis

Global Vessels Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Global Vessels Inc reported income of $216k and spending of $178k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $216k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Vessels Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Cci City Changers International ($216k), Heart of a Child Ministries Inc ($217k) and The Grace of God Tabernacle ($216k).

At year end it held assets of $0 against liabilities of $0, net assets of $0.