Seabrook Rotary Foundation

Analysis

Seabrook Rotary Foundation is a registered charity in United States, based in Seabrook, TX. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seabrook Rotary Foundation reported income of $140k and spending of $75k, leaving 47% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $74k to $140k (+88%), an average of +88% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seabrook Rotary Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include King Philip Music Association Inc ($140k), Alexander City Chamber Foundation Inc ($140k) and Flume Foundation ($140k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.