Sargasso Sea Project Inc

Analysis

Sargasso Sea Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Sargasso Sea Project Inc reported income of $186k and spending of $192k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $186k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 116% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sargasso Sea Project Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 28th percentile within DC. Charities of a similar size with the same main cause include Pennsylvania Master Naturalist ($186k), Trust U/A Dated May 6 1940 F/B/O Brookgreen Gardens ($187k) and McCook Lake Izaak Walton League ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $79k against liabilities of $40k, net assets of $39k.