Seamens Society for Children and Families

Analysis

Seamens Society for Children and Families is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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 June 2023, Seamens Society for Children and Families reported income of $26.7m and spending of $26.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $26.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seamens Society for Children and Families sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Missouri Corporation for Science and Technology ($26.7m), Charlotte Christian School ($26.7m) and Wilbraham & Monson Academy ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $902k (3.4% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $16.0m against liabilities of $13.7m, net assets of $2.2m. It reported 261 employees.