Symbioseas

Analysis

Symbioseas is a registered charity in United States, based in Carolina BCH, NC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Symbioseas reported income of $125k and spending of $125k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $411k to $125k (-70%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symbioseas sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Leas Lab Inc ($125k), New Museum of Portsmouth Inc ($125k) and Edwin Boyle Santee Summer Ministry ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.