Seabury School

Analysis

Seabury School is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seabury School reported income of $2.8m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.8m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seabury School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($2.8m), Brothers of the Sacred Heart Foundation Inc ($2.8m) and Center for Independent Living in Central Florida Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $131k (4.3% of expenses). Other salaries and wages came to $1.3m. It paid $13k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $227k. It reported 43 employees.