Sea Education Association Inc

Analysis

Sea Education Association Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sea Education Association Inc reported income of $10.6m and spending of $9.3m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.3m to $10.6m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sea Education Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Villages Ltd ($10.6m), Fraser Institute ($10.6m) and Concordia Lutheran High School of North Harris County ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $262k (2.8% of expenses). Other salaries and wages came to $3.6m. It paid $63k in professional fundraising fees. At year end it held assets of $23.3m against liabilities of $2.3m, net assets of $21.0m. It reported 216 employees.