Taste of the Seaport

Analysis

Taste of the Seaport is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 2023, Taste of the Seaport reported income of $245k and spending of $71k, leaving 71% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $148k to $245k (+65%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Taste of the Seaport sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Friends of the Portland Community Free Clinic ($245k), Texoma Medical Center Volunteers ($245k) and Laradon Foundation Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.