Friends of Seabrook Community

Analysis

Friends of Seabrook Community is a registered charity in United States, based in Seabrook, NH. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends of Seabrook Community reported income of $529k and spending of $512k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $238k to $529k (+122%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Seabrook Community sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within NH. Charities of a similar size with the same main cause include Gate City Youth Soccer League Inc ($529k), Mountain View Community Center ($529k) and Stanton Rowing Foundation Inc ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $110k (22% of expenses). Other salaries and wages came to $234k. At year end it held assets of $90k against liabilities of $3,082, net assets of $87k. It reported 48 employees.