Bellingham Seafeast

Analysis

Bellingham Seafeast is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in January 2017, 9 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, Bellingham Seafeast reported income of $196k and spending of $214k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $211k to $196k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. 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, Bellingham Seafeast sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Whale Foundation ($196k), Sprye ($196k) and Trauma Intervention Programs Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Other salaries and wages came to $73k. At year end it held assets of $38k against liabilities of $3,943, net assets of $34k. It reported 1 employees.