Seabrook Community Foundation

Analysis

Seabrook Community Foundation is a registered charity in United States, based in Pacific Beach, WA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Seabrook Community Foundation reported income of $706k and spending of $432k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $706k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seabrook Community Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Colorado Association for Career and Technical Education ($705k), West Oakland Job Resource Center ($707k) and Houston Chapter American Concrete Institute ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). At year end it held assets of $3.1m against liabilities of $2,521, net assets of $3.1m. It reported 3 employees.