Seabrook of Hilton Head Inc

Analysis

Seabrook of Hilton Head Inc is a registered charity in United States, based in Hilton Head Island, SC. It received its IRS tax-exemption ruling in July 1973, 53 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seabrook of Hilton Head Inc reported income of $12.1m and spending of $13.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $12.1m (+18%), an average of +4.3% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seabrook of Hilton Head Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Pulitzer Center on Crisis Reporting ($12.1m), Community Action Partnership of Greater St Joseph ($12.1m) and Centro Cultural de Condado de Washington ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $202k (1.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $16.8m against liabilities of $7.2m, net assets of $9.6m. It reported 265 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.