Alexandria Seaport Foundation

Analysis

Alexandria Seaport Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, 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 September 2023, Alexandria Seaport Foundation reported income of $934k and spending of $835k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $891k to $934k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 98%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alexandria Seaport Foundation sits at the 85th percentile: it is larger than about 85% 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 Childrens Museum of the Arts Inc ($934k), Definition Theatre Company ($934k) and Utica Childrens Museum ($934k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $146k (17% of expenses). Other salaries and wages came to $374k. At year end it held assets of $1.6m against liabilities of $57k, net assets of $1.5m. It reported 30 employees.