Sea Hugger

Analysis

Sea Hugger is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Hugger reported income of $117k and spending of $111k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $117k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sea Hugger sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include New York Forest Owners Association Inc ($117k), Meagher County Stewardship Council ($117k) and Nonprofit Dynamics Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 16% of the total. At year end it held assets of $6,859 against liabilities of $32k, net assets of -$25k.