Seacrest Foundation

Analysis

Seacrest Foundation is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Seacrest Foundation reported income of $2.8m and spending of $3.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $2.8m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seacrest Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include United Way of Spokane County ($2.8m), Rupani Foundation ($2.8m) and Kipp Lynn Fund Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $38.6m against liabilities of $726k, net assets of $37.8m.