Seabird Enterprises Inc

Analysis

Seabird Enterprises Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Seabird Enterprises Inc reported income of $6.5m and spending of $6.5m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.5m to $6.5m (+18%), an average of +5.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seabird Enterprises Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Make a Wish Foundation of Greater Bay Area ($6.5m), Agricenter International Inc ($6.5m) and Arc of Maui County ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $128k (2.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.9m against liabilities of $1.5m, net assets of $2.4m. It reported 220 employees.