Seabeck Conference Center

Analysis

Seabeck Conference Center is a registered charity in United States, based in Seabeck, WA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Seabeck Conference Center reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.6m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seabeck Conference Center sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Arkansas Athletes Outreach ($2.6m), Inca Link International ($2.6m) and Pillar Church Planting Network ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $232k (8.6% of expenses). Other salaries and wages came to $766k. At year end it held assets of $7.6m against liabilities of $2.9m, net assets of $4.7m. It reported 67 employees.