Seashore United Methodist Assembly

Analysis

Seashore United Methodist Assembly is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Seashore United Methodist Assembly reported income of $565k and spending of $518k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $565k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 29%. 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, Seashore United Methodist Assembly sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within MS. Charities of a similar size with the same main cause include Paschal High School Booster Club ($565k), Sheet Metal Workers 33 Akron Distri Joint Apprenticship & Traning Fund ($565k) and Wyckoff PTO Coordinating Council Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $51k (9.8% of expenses). At year end it held assets of $760k against liabilities of $12k, net assets of $748k. It reported 9 employees.