Sea Change Yoga

Analysis

Sea Change Yoga is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 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, Sea Change Yoga reported income of $285k and spending of $296k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $285k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sea Change Yoga sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Longmire Foundation ($285k), Frontsight Military Ministry ($285k) and Overcomers Life Community Center ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $80k (27% of expenses). Other salaries and wages came to $82k. At year end it held assets of $156k against liabilities of $12k, net assets of $144k. It reported 5 employees.