Seacamp Association Inc

Analysis

Seacamp Association Inc is a registered charity in United States, based in Big Pine Key, FL. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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 2022, Seacamp Association Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $3.3m to $1.7m (-48%), an average of -20% a year. The sharpest change came in the year to September 2021, when income rose by 136%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seacamp Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.7m), Africentric Personal Development Shop ($1.7m) and Jubilee Jumpstart ($1.7m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $167k (11% of expenses). Other salaries and wages came to $413k. At year end it held assets of $5.5m against liabilities of $1.3m, net assets of $4.1m. It reported 30 employees.