Mat-Su Sea Hawkers Inc

Analysis

Mat-Su Sea Hawkers Inc is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mat-Su Sea Hawkers Inc reported income of $90k and spending of $26k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $90k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mat-Su Sea Hawkers Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within AK. Charities of a similar size with the same main cause include A Safe Harbor Home ($90k), Maquoketa Community Cupboard Inc ($90k) and Sacramento Association of Realtors Charitable Foundation Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 5.3% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.