Sea Devils

Analysis

Sea Devils is a registered charity in United States, based in St Michael, MN. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Sea Devils reported income of $315k and spending of $318k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $315k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sea Devils sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Stafford Junction Inc ($315k), STEM the Slide ($315k) and Watts 2 Boston Foundation ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $98k. At year end it held assets of $174k against liabilities of $5,384, net assets of $169k. It reported 17 employees.