Seaman Center of Texas City

Analysis

Seaman Center of Texas City is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Seaman Center of Texas City reported income of $262k and spending of $235k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $262k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seaman Center of Texas City sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include One Nation Walking Together ($262k), Community Based Interventions Inc ($262k) and Onward Hope Incorporated ($262k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.1m against liabilities of $899k, net assets of $165k. It reported 1 employees.