Seafood Industry Research Fund Inc

Analysis

Seafood Industry Research Fund Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in June 1964, 62 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, Seafood Industry Research Fund Inc reported income of $923k and spending of $349k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $924k to $923k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seafood Industry Research Fund Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Library Legacy Foundation of the Toledo-Luce County Public Library ($923k), Kellogg Hubbard Library ($923k) and Bangor Childrens Home ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $4.6m against liabilities of $103k, net assets of $4.5m.