Seabury Resources for Aging

Analysis

Seabury Resources for Aging is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Seabury Resources for Aging reported income of $6.7m and spending of $6.1m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.3m to $6.7m (-29%), an average of -8.1% a year. The sharpest change came in the year to September 2022, when income dropped by 24%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seabury Resources for Aging sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Specialized Alternatives for Families and Youth of Nevada Inc ($6.7m), Heart for Lebanon Foundation ($6.7m) and Miami County YMCA ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $463k (7.5% of expenses). Other salaries and wages came to $2.9m. It paid $45k in professional fundraising fees. At year end it held assets of $12.2m against liabilities of $843k, net assets of $11.4m. It reported 91 employees.