Seafood Nutrition Partnership

Analysis

Seafood Nutrition Partnership is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Seafood Nutrition Partnership reported income of $708k and spending of $1.4m, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $708k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 257%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seafood Nutrition Partnership 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 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Another Child Foundation ($707k), Metzenbaum Foundation ($708k) and Colorado Christian Services Inc ($707k).

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 $221k (16% of expenses). Other salaries and wages came to $443k. It paid $8,415 in professional fundraising fees. At year end it held assets of $761k against liabilities of $51k, net assets of $710k. It reported 6 employees.