Sealkids Inc

Analysis

Sealkids Inc is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sealkids Inc reported income of $1.2m and spending of $1.8m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sealkids Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include St Vincent de Paul Society of Oshkosh Inc ($1.2m), Precious Care Group Inc ($1.2m) and De Pere Christian Outreach Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $150k (8.4% of expenses). Other salaries and wages came to $345k. At year end it held assets of $219k against liabilities of $634k, net assets of -$415k. It reported 7 employees.