Seakay Inc

Analysis

Seakay Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Seakay Inc reported income of $59k and spending of $169k, spending 286% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $599k to $59k (-90%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seakay Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Indiana Association for the Gifted ($59k), Explorers Lifelong Learning Institute of SSC Inc ($59k) and Fashion Group Foundation of Dallas Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (51% of expenses). At year end it held assets of $119k against liabilities of $0, net assets of $119k.