Seaside Institute Inc

Analysis

Seaside Institute Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2022, Seaside Institute Inc reported income of $449k and spending of $371k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $364k to $449k (+23%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaside Institute Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Heroes Project ($449k), North America Taiwanese Womens Association Inc ($449k) and Ten Sleep Senior Center Inc ($449k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $110k (30% of expenses). Other salaries and wages came to $63k. At year end it held assets of $390k against liabilities of $24k, net assets of $366k. It reported 4 employees.