Newburgh Sea Creatures

Analysis

Newburgh Sea Creatures is a registered charity in United States, based in Newburgh, IN. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 August 2023, Newburgh Sea Creatures reported income of $363k and spending of $377k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $326k to $363k (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newburgh Sea Creatures sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Bethel Korean Presbyterian Church a R Synod ($363k), Dismas Ministry ($364k) and Mountain Alliance Inc ($363k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $245k. At year end it held assets of $105k against liabilities of $26k, net assets of $79k. It reported 50 employees.