Seafarers Center of Beaumont

Analysis

Seafarers Center of Beaumont is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Seafarers Center of Beaumont reported income of $101k and spending of $92k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $101k (+9.0%), an average of +9.0% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seafarers Center of Beaumont sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Ignite Ministries a NJ Nonprofit Corporation ($101k), James Scotty Cummings Charitable Trust ($101k) and Together We Can Make a Difference ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $30k against liabilities of $1,776, net assets of $28k.