Seaturtle Preservation Society Inc

Analysis

Seaturtle Preservation Society Inc is a registered charity in United States, based in Indialantic, FL. It received its IRS tax-exemption ruling in December 1988, 38 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, Seaturtle Preservation Society Inc reported income of $230k and spending of $149k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $253k to $230k (-8.8%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaturtle Preservation Society Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Carthage Service League Thrift Shop ($230k), Wisconsin Ffa Center Inc ($231k) and Cincinnati Dental Societys Oral Health Foundation ($230k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 36% of the total. Other salaries and wages came to $15k. At year end it held assets of $562k against liabilities of $872, net assets of $562k.