Seasteading Institute

Analysis

Seasteading Institute is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Seasteading Institute reported income of $337k and spending of $520k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $434k to $337k (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seasteading Institute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Polk County Fair & Rodeo Association ($337k), Rhode Island Black Story Tellers ($337k) and Kids Discovery Factory Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $88k (17% of expenses). Other salaries and wages came to $67k. At year end it held assets of $488k against liabilities of $5,589, net assets of $483k. It reported 2 employees.