Leo W Seal Jr Charitable TR

Analysis

Leo W Seal Jr Charitable TR is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leo W Seal Jr Charitable TR reported income of $1.0m and spending of $1.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.0m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 127%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leo W Seal Jr Charitable TR sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Piqua Education Foundation ($1.0m), Chances for Children-Ny Inc ($1.0m) and RC Christian Academy Inc ($1.0m).

Compensation of current officers, directors and key employees was $167k (13% of expenses). At year end it held assets of $29.9m against liabilities of $0, net assets of $29.9m.