Seaport Ministries

Analysis

Seaport Ministries is a registered charity in United States, based in Bon Secour, AL. It received its IRS tax-exemption ruling in June 2016, 10 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, Seaport Ministries reported income of $114k and spending of $121k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $114k (-4.7%), an average of -4.7% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seaport Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within AL. Charities of a similar size with the same main cause include American Hai Ninh Community Association ($114k), Priceville Community Thrift Store ($114k) and Birthday Buds Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.