Seal Veterans Foundation

Analysis

Seal Veterans Foundation is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seal Veterans Foundation reported income of $525k and spending of $135k, leaving 74% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $525k (+148%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seal Veterans Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Focused Ministries ($525k), Apostolic Youth and Family Services Inc ($525k) and Outreach East ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $738k against liabilities of $0, net assets of $738k.