Seaturtle Inc Foundation

Analysis

Seaturtle Inc Foundation is a registered charity in United States, based in S Padre Isle, TX. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seaturtle Inc Foundation reported income of $150k and spending of $29k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $510k to $150k (-71%), an average of -71% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 4.5% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Seaturtle Inc Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include KC English Bulldog Rescue ($150k), Purr Nation Cat Alliance Inc ($150k) and Spay-Neuter Animal Network ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $673k against liabilities of $0, net assets of $673k.