Sea Change Yoga
EIN: 813547718 · Portland, ME · NTEE: P19
| Metric | Value |
|---|---|
| Total Revenue | $326K |
| Total Expenses | $296K |
| Net Assets | $144K |
Is Sea Change Yoga Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sea Change Yoga
Sea Change Yoga (EIN: 813547718) is a nonprofit organization based in Portland, ME, classified under NTEE code P19. The organization reported total revenue of $326K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sea Change Yoga's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sea Change Yoga is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 47.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $296K |
| Surplus / Deficit | $-10,823 |
| Total Assets | $156K |
| Total Liabilities | $12K |
| Net Assets | $144K |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Sea Change Yoga reported a deficit of $11K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Sea Change Yoga's revenue has grown at a compound annual growth rate (CAGR) of 47.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.5% | +7.7% | -3.7% |
| 2022 | +6.5% | +23.1% | -15.3% |
| 2021 | +9.6% | +43.6% | -6.5% |
| 2020 | +2.2% | +2.4% | +44.3% |
| 2019 | +29.7% | +21.2% | +45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sea Change Yoga has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sea Change Yoga with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Frequently Asked Questions about Sea Change Yoga
Is Sea Change Yoga a legitimate charity?
Sea Change Yoga (EIN: 813547718) is a registered tax-exempt nonprofit based in Maine. It has 8 years of IRS 990 filings on record. Total revenue: $326K. No red flags identified. Financial health grade: B.
How does Sea Change Yoga spend its money?
Sea Change Yoga reported $326K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sea Change Yoga tax-deductible?
Sea Change Yoga is registered as a tax-exempt nonprofit (EIN: 813547718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sea Change Yoga located?
Sea Change Yoga is headquartered in Portland, Maine and files with the IRS under EIN 813547718. It is classified under NTEE code P19.
How many years of IRS 990 filings does Sea Change Yoga have?
Sea Change Yoga has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $326K in total revenue.
Filing History
IRS 990 filing history for Sea Change Yoga showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Sea Change Yoga's revenue has grown by 1439.6%, moving from $18K to $285K. Total assets increased by 3798.1% over the same period, from $4K to $156K. Total functional expenses rose by 1937.9%, from $15K to $296K. In its most recent filing year (2023), Sea Change Yoga reported a deficit of $11K, with expenses exceeding revenue. The organization holds $12K in liabilities against $156K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $296K | $156K | $12K | — | View 990 |
| 2022 | $238K | $274K | $162K | $7K | — | View 990 |
| 2021 | $224K | $223K | $191K | $0 | — | View 990 |
| 2020 | $204K | $155K | $204K | $14K | — | — |
| 2019 | $200K | $152K | $142K | $0 | — | View 990 |
| 2018 | $154K | $125K | $97K | $400 | — | View 990 |
| 2017 | $126K | $62K | $68K | $0 | — | View 990 |
| 2016 | $18K | $15K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $296K, and assets of $156K (revenue +19.5% year-over-year).
- 2022: Revenue of $238K, expenses of $274K, and assets of $162K (revenue +6.5% year-over-year).
- 2021: Revenue of $224K, expenses of $223K, and assets of $191K (revenue +9.6% year-over-year).
- 2020: Revenue of $204K, expenses of $155K, and assets of $204K (revenue +2.2% year-over-year).
- 2019: Revenue of $200K, expenses of $152K, and assets of $142K (revenue +29.7% year-over-year).
- 2018: Revenue of $154K, expenses of $125K, and assets of $97K (revenue +22.1% year-over-year).
- 2017: Revenue of $126K, expenses of $62K, and assets of $68K (revenue +581.6% year-over-year).
- 2016: Revenue of $18K, expenses of $15K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sea Change Yoga:
Data Sources and Methodology
This transparency report for Sea Change Yoga is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.