Save Our Ships New York

Analysis

Save Our Ships New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Save Our Ships New York reported income of $160k and spending of $187k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $160k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Save Our Ships New York sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Chinese Cultural Productions ($160k), Amanda&james Incorporated ($160k) and Worcester Hibernian Cultural Foundation Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $31k against liabilities of $272, net assets of $31k.