Seabury Residents Association Inc

Analysis

Seabury Residents Association Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2024, Seabury Residents Association Inc reported income of $174k and spending of $242k, spending 139% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income grew from $132k to $174k (+32%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 84%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seabury Residents Association Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Tampa Housing Funding Corporation ($174k), Peoria Place Apartments ($174k) and Hale Ulu Hoi III ($174k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.