Sea Tow Foundation Inc

Analysis

Sea Tow Foundation Inc is a registered charity in United States, based in Southold, NY. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 Tow Foundation Inc reported income of $825k and spending of $830k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $825k (+72%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 98% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Sea Tow Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Home Front Military Network ($824k), Collingdale Fire Company ($829k) and District 2 Emergency Services Inc ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $832k against liabilities of $8,141, net assets of $824k. It reported 2 employees.