Seafield Resources Inc

Analysis

Seafield Resources Inc is a registered charity in United States, based in W Hampton BCH, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Seafield Resources Inc reported income of $1.2m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seafield Resources Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Mama-Pikin Foundation ($1.2m), Alles Institute for Medical Research ($1.2m) and Warriors 4 Christ Recovery Ministries ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.