Sea Turtle Inc

Analysis

Sea Turtle Inc is a registered charity in United States, based in S Padre Isle, TX. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, 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, Sea Turtle Inc reported income of $3.5m and spending of $2.2m, leaving 39% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $3.5m (+77%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sea Turtle Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Sag Harbor Cinema Arts Center Inc ($3.5m), Mississippi Arts and Entertainment Center ($3.5m) and Somarts ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $95k (4.4% of expenses). Other salaries and wages came to $709k. At year end it held assets of $18.1m against liabilities of $4.3m, net assets of $13.8m. It reported 26 employees.