Seaview Community Services

Analysis

Seaview Community Services is a registered charity in United States, based in Seward, AK. It received its IRS tax-exemption ruling in February 1974, 52 years ago. 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 June 2023, Seaview Community Services reported income of $5.7m and spending of $5.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.7m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaview Community Services sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include Central Washington University Foundation ($5.7m), Holiday Hill Inc ($5.7m) and Early Childhood Education Center ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $264k (5.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.8m against liabilities of $1.1m, net assets of $4.6m. It reported 73 employees.