Calm Seas Inc

Analysis

Calm Seas Inc is a registered charity in United States, based in Benton, AR. It received its IRS tax-exemption ruling in June 1991, 35 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 June 2024, Calm Seas Inc reported income of $84k and spending of $125k, spending 149% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $88k to $84k (-5.3%), an average of -5.3% a year. Over the whole period it spent 155% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Calm Seas Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AR. Charities of a similar size with the same main cause include Cathys Angels Inc Corporate Guardian ($84k), Courage-U ($84k) and Lawrence County Association for Retarded Citizens ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $143k against liabilities of $182k, net assets of -$39k.