Sea Side Home Inc

Analysis

Sea Side Home Inc is a registered charity in United States, based in Cape May, NJ. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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, Sea Side Home Inc reported income of $131k and spending of $168k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $131k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sea Side Home Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($131k), Chinese Chamber of Commerce Foundation ($131k) and Worcester County Poetry Association ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 67% of the total. Other salaries and wages came to $31k. At year end it held assets of $709k against liabilities of $0, net assets of $709k. It reported 18 employees.