Seal Legacy Foundation

Analysis

Seal Legacy Foundation is a registered charity in United States, based in Buda, TX. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Seal Legacy Foundation reported income of $3.1m and spending of $3.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seal Legacy Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Hospice of Santa Barbara Inc ($3.1m), Riseup Community School ($3.1m) and The American Stage Company Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. It paid $151k in professional fundraising fees. At year end it held assets of $129k against liabilities of $0, net assets of $129k.