Seyaa Inc

Analysis

Seyaa Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in January 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 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, Seyaa Inc reported income of $90k and spending of $88k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $90k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seyaa Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Mill Creek Track Booster Club Inc ($90k), Hydro District Free Fair Inc ($90k) and Green Bay Glory Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 25% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.