Seachange Capital Partners Inc

Analysis

Seachange Capital Partners Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Seachange Capital Partners Inc reported income of $4.1m and spending of $3.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.1m (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seachange Capital Partners Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include The Community Foundation of Dickinson County Inc ($4.0m), Jewish Federation of Greater New Orleans ($4.1m) and Harrison County Community Foundation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $462k (15% of expenses). Other salaries and wages came to $354k. At year end it held assets of $8.9m against liabilities of $1.4m, net assets of $7.5m. It reported 8 employees.