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 2022, Boat People S O S Inc reported income of $6.0m and spending of $5.1m, spending 85% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $3.6m to $6.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 90% 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 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Florida Certified Organic Growers & Consumers Inc ($6.0m), Georgia Avenue Family Support Collaborative ($6.0m) and Agudath Israel of America Community ($6.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $213k (4.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.6m against liabilities of $571k, net assets of $4.0m. It reported 64 employees.