Unchartered Waters

Analysis

Unchartered Waters is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in May 1997, 29 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 September 2023, Unchartered Waters reported income of $395k and spending of $361k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $597k to $395k (-34%), an average of -9.8% a year. The sharpest change came in the year to September 2021, when income rose by 98%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Unchartered Waters sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include American Hindu Rco Inc ($395k), Seed Time & Harvest Birmingham Restoration Church Inc ($395k) and Center for Christianity and Scholarship ($395k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $104k. At year end it held assets of $83k against liabilities of $77, net assets of $83k. It reported 18 employees.