Sail Initiative

Analysis

Sail Initiative is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 May 2024, Sail Initiative reported income of $964k and spending of $647k, leaving 33% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $181k to $964k (+433%), an average of +433% a year. The sharpest change came in the year to May 2024, when income rose by 433%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sail Initiative sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include PCHC Atwood Inc ($964k), Hazel Hawkins Hospital Foundation ($964k) and Foundation for Women and Girls with Blood Disorders ($964k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $458k. At year end it held assets of $296k against liabilities of $5,145, net assets of $291k. It reported 8 employees.