Seashore Gardens Foundation

Analysis

Seashore Gardens Foundation is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Seashore Gardens Foundation reported income of $273k and spending of $509k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $273k (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seashore Gardens Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Ramona Crisis Pregnancy Center ($273k), Fleur de Lis ($273k) and Hunterdon Helpline Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $255k (50% of expenses). Other salaries and wages came to $119k. At year end it held assets of $2.4m against liabilities of $256k, net assets of $2.1m. It reported 6 employees.