Foundation for Seaports of the Americas

Analysis

Foundation for Seaports of the Americas is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Foundation for Seaports of the Americas reported income of $53k and spending of $55k, spending 104% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $85k to $53k (-38%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Seaports of the Americas sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 11th percentile within DC. Charities of a similar size with the same main cause include Change Az ($53k), Room to Grow Program ($53k) and Pin Cancer Campaign ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.