Udt-Seal Museum Association Inc

Analysis

Udt-Seal Museum Association Inc is a registered charity in United States, based in Hutchinson Is, FL. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Udt-Seal Museum Association Inc reported income of $6.8m and spending of $3.5m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $6.8m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Udt-Seal Museum Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Loeb House Inc ($6.8m), Meadowlands Transportation Brokerage Corp ($6.8m) and Lancaster General Health-Columbia Center ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 8.4% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $17.5m against liabilities of $259k, net assets of $17.3m. It reported 24 employees.