Boat People S O S Inc

Analysis

Boat People S O S Inc is a registered charity in United States, based in Falls Church, VA. 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 S O S Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $2.7m (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boat People S O S Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Dawn - Domestic Abuse Womens Network ($2.7m), Homeless Coalition of Palm Beach County Inc ($2.7m) and The Arc Big Bend Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $220k (8.1% of expenses). Other salaries and wages came to $91k. At year end it held assets of $3.4m against liabilities of $527k, net assets of $2.9m. It reported 18 employees.