Seashore Family Literacy

Analysis

Seashore Family Literacy is a registered charity in United States, based in Waldport, OR. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Seashore Family Literacy reported income of $71k and spending of $99k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $87k to $71k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seashore Family Literacy sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OR. Charities of a similar size with the same main cause include Thomas Jefferson High School Partners ($71k), Odyssey of the Mind Association of North Carolina ($71k) and Lake Norman Elementary School PTO ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $268k against liabilities of $3,017, net assets of $265k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.