Sea Friends Incorporated

Analysis

Sea Friends Incorporated is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 March 2024, Sea Friends Incorporated reported income of $71k and spending of -$1,649, leaving 102% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income fell from $214k to $71k (-67%), an average of -42% a year. The sharpest change came in the year to March 2024, when income rose by 381%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sea Friends Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Kettle Creek Festival ($71k), Theater 150 ($71k) and The Crisfield Heritage Foundation Inc ($71k).

At year end it held assets of $501k against liabilities of $1,846, net assets of $500k.