Seas Foundation Ltd

Analysis

Seas Foundation Ltd is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seas Foundation Ltd reported income of $590k and spending of $8,890, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $590k (+577%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 461%. Over the whole period it spent 6.1% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seas Foundation Ltd sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Canes West Baseball Inc ($590k), Elizabethtown Youth Soccer Association Inc ($590k) and Gotham Volleyball League Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.