Seal Family Legacy Inc

Analysis

Seal Family Legacy Inc is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Seal Family Legacy Inc reported income of $71k and spending of $48k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $71k (+9.2%), an average of +9.2% a year. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seal Family Legacy Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IA. Charities of a similar size with the same main cause include Metzger Community Preschool ($71k), Friends of Los Alamos County Libraries ($71k) and PTA Texas Congress ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.