Lifeline to Seamen Inc

Analysis

Lifeline to Seamen Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1985, 41 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, Lifeline to Seamen Inc reported income of $55k and spending of $49k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $55k (-2.8%), an average of -2.8% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeline to Seamen Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Stephanies House ($55k), Lifespring Centerplace II Inc ($55k) and Autism Society New Hanover County Housing Corporation 2 ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $221k against liabilities of $3,662, net assets of $217k.