Friends of the Sea Lion Inc

Analysis

Friends of the Sea Lion Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in August 1982, 44 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 December 2023, Friends of the Sea Lion Inc reported income of $7.4m and spending of $3.8m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.4m (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 64% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of the Sea Lion Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Faithful Friends Inc ($7.4m), Gentle Giants Draft Horse Rescue Society Ltd ($7.4m) and Greater Birmingham Humane Society ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $846k (22% of expenses). Other salaries and wages came to $932k. At year end it held assets of $21.5m against liabilities of $3.0m, net assets of $18.5m. It reported 39 employees.