Seward Association for the Advancement of Marine Science

Analysis

Seward Association for the Advancement of Marine Science is a registered charity in United States, based in Seward, AK. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 September 2023, Seward Association for the Advancement of Marine Science reported income of $10.5m and spending of $11.6m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.8m to $10.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Seward Association for the Advancement of Marine Science sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include Sustainable Fisheries Partnership Foundation ($10.4m), Montgomery County Society for the Prevention of Cruelty to Animals ($10.6m) and United Pet Fund ($10.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $446k (3.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $39.5m against liabilities of $2.8m, net assets of $36.7m. It reported 144 employees.