Seafood Harvesters of America Education Fund

Analysis

Seafood Harvesters of America Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Seafood Harvesters of America Education Fund reported income of $334k and spending of $304k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $374k to $334k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seafood Harvesters of America Education Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Homsite Fund Inc ($334k), HTP Homes Inc ($334k) and Downtown Statesville Development Corporation ($333k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $181k against liabilities of $550, net assets of $181k.