Sealark Exploration Inc

Analysis

Sealark Exploration Inc is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in June 2021, 5 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, Sealark Exploration Inc reported income of $70k and spending of $31k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $70k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sealark Exploration Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within WY. Charities of a similar size with the same main cause include Rvn3 Foundation Inc ($70k), Awakening Giantz Inc ($70k) and Hundred Movement Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.