Sea Change Incorporated

Analysis

Sea Change Incorporated is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Incorporated reported income of $767k and spending of $666k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $767k (+186%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sea Change Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Tradeoffs ($767k), North Carolina Restaurant and Lodging Association Foundation Inc ($767k) and Trinity Cathedral Academy Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $142k (21% of expenses). Other salaries and wages came to $195k. At year end it held assets of $432k against liabilities of $22k, net assets of $410k. It reported 10 employees.