Seacology

Analysis

Seacology is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Seacology reported income of $4.6m and spending of $3.2m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.6m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seacology sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include New York Landmarks Conservancy Inc ($4.6m), Habitat for Humanity International Inc ($4.6m) and Southern Conference ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $356k (11% of expenses). Other salaries and wages came to $589k. At year end it held assets of $12.7m against liabilities of $343k, net assets of $12.4m. It reported 9 employees.