Seaoc Foundation

Analysis

Seaoc Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Seaoc Foundation reported income of $172k and spending of $103k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $172k (+300%), an average of +300% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seaoc Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Society for Economic Dynamics ($172k), Artists Ensemble Theater NFP ($172k) and Korean Traditional Dance Institute of California ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.