Seton Foundation

Analysis

Seton Foundation is a registered charity in United States, based in Somersworth, NH. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seton Foundation reported income of $344k and spending of $332k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $344k (+127%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seton Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within NH. Charities of a similar size with the same main cause include Wonderworks ($344k), One Bead Project ($344k) and Plum Borough Community Library ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $42k (13% of expenses). Other salaries and wages came to $210k. At year end it held assets of $184k against liabilities of $160k, net assets of $23k. It reported 15 employees.