Seal Future Foundation Inc

Analysis

Seal Future Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Seal Future Foundation Inc reported income of $3.6m and spending of $3.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $928k to $3.6m (+289%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seal Future Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Minnesota State Fair Foundation ($3.6m), Community Foundation of Tompkins County Inc ($3.6m) and Forward Global Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $299k (9.2% of expenses). Other salaries and wages came to $866k. At year end it held assets of $1.9m against liabilities of $159k, net assets of $1.8m. It reported 14 employees.