Seek Foundation Inc

Analysis

Seek Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Seek Foundation Inc reported income of $628k and spending of $769k, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $390k to $628k (+61%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seek Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Roxborough Christian School ($628k), R Stuart Moore Charitable Trust for the Benefit of Ferrum College ($628k) and Daytop Preparatory School ($628k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $121k (16% of expenses). At year end it held assets of $138k against liabilities of $528k, net assets of -$390k.