Vermilion Sea Institute

Analysis

Vermilion Sea Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Vermilion Sea Institute reported income of $359k and spending of $496k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $580k to $359k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermilion Sea Institute sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Wild Horses Building Champions Inc ($359k), Revive the Roots Foundation ($359k) and Foothill Indian Education Alliance Sierra Native American Council ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $24k (4.8% of expenses). Other salaries and wages came to $148k. At year end it held assets of $32k against liabilities of $14k, net assets of $18k. It reported 4 employees.