Sea Scope Incorporated

Analysis

Sea Scope Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sea Scope Incorporated reported income of $218k and spending of $105k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $218k (+188%), an average of +188% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 56% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sea Scope Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Marin Highlanders RFC Inc ($218k), Downey Better Baseball Organization ($218k) and Council Grove Life Center Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (28% of expenses). At year end it held assets of $131k against liabilities of $0, net assets of $131k.