Sea Meadow Marine Foundation

Analysis

Sea Meadow Marine Foundation is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Meadow Marine Foundation reported income of $218k and spending of $128k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $18k to $218k (+1119%), an average of +249% a year. The sharpest change came in the year to December 2022, when income rose by 1190%. Over the whole period it spent 62% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sea Meadow Marine Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Green Cities Fund Inc ($217k), Calhoun County Resource Watch ($218k) and Patagonia Area Resource Alliance ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $915 (0.7% of expenses). At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $180k.