Sealy & Smith Foundation

Analysis

Sealy & Smith Foundation is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in March 1938, 88 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sealy & Smith Foundation reported income of $130.8m and spending of $30.1m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $134.4m to $130.8m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sealy & Smith Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Gift of Hope Organ & Tissue Donor Network ($130.8m), Austin-Travis County Mental Health and Mental Retardation Center ($130.9m) and Emanate Health Foothill Presbyterian Hospital ($130.6m).

Compensation of current officers, directors and key employees was $1.1m (3.7% of expenses). Other salaries and wages came to $127k. At year end it held assets of $2.04bn against liabilities of $99.0m, net assets of $1.94bn. It reported 6 employees.