Seachange Capital Partners Inc
Seachange Capital Partners Inc consistently generates surpluses and has grown assets significantly with no reported officer compensation.
EIN: 205124665 · New York, NY · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $3.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $7.5M |
| Transparency Score | 88/100 |
Is Seachange Capital Partners Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seachange Capital Partners Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seachange Capital Partners Inc
Seachange Capital Partners Inc (EIN: 205124665) is a nonprofit organization based in New York, NY, classified under NTEE code T12. The organization reported total revenue of $9.7M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seachange Capital Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seachange Capital Partners Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$938K |
| Total Assets | $8.9M |
| Total Liabilities | $1.4M |
| Net Assets | $7.5M |
| Operating Margin | 23.2% |
| Debt-to-Asset Ratio | 16.1% |
| Months of Reserves | 34.4 months |
Financial Health Grade: A
In 2023, Seachange Capital Partners Inc reported a surplus of $938K with revenue exceeding expenses, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seachange Capital Partners Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.2% | +39.6% | -7.8% |
| 2022 | -24.0% | -1.3% | +26.6% |
| 2021 | -28.5% | +5.6% | +21.0% |
| 2020 | +139.9% | +1.7% | +115.8% |
| 2019 | +9.9% | +15.1% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seachange Capital Partners Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Seachange Capital Partners Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $938K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly unusual for an organization of this size with assets nearing $9 million and annual revenues in the millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seachange Capital Partners Inc's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (assumed for spendingBreakdown)
Strengths
The following positive indicators were identified for Seachange Capital Partners Inc:
- Consistent revenue exceeding expenses, leading to surpluses
- Significant and steady growth in assets over the past decade
- Reported 0% officer compensation across all filings, indicating high efficiency and dedication
- Strong financial health with manageable liabilities relative to assets
- Positive trend in net assets, demonstrating sustainability
Frequently Asked Questions about Seachange Capital Partners Inc
Is Seachange Capital Partners Inc a legitimate charity?
Seachange Capital Partners Inc (EIN: 205124665) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Seachange Capital Partners Inc spend its money?
Seachange Capital Partners Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seachange Capital Partners Inc tax-deductible?
Seachange Capital Partners Inc is registered as a tax-exempt nonprofit (EIN: 205124665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seachange Capital Partners Inc CEO make?
Seachange Capital Partners Inc's highest-compensated officer earns $9 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seachange Capital Partners Inc's spending goes to programs?
Seachange Capital Partners Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seachange Capital Partners Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Seachange Capital Partners Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seachange Capital Partners Inc located?
Seachange Capital Partners Inc is headquartered in New York, New York and files with the IRS under EIN 205124665. It is classified under NTEE code T12.
How many years of IRS 990 filings does Seachange Capital Partners Inc have?
Seachange Capital Partners Inc has 13 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 $9.7M in total revenue.
Is Seachange Capital Partners Inc a good charity?
Based on the available financial data, Seachange Capital Partners Inc appears to be a financially healthy and well-managed organization. Its consistent revenue surpluses, significant asset growth, and reported 0% officer compensation are strong positive indicators.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $2,730,965 in 2014 to $8,914,155 in 2023. Revenue has also generally trended upwards, and expenses have been well-managed, leading to surpluses in most years.
What is the trend in revenue versus expenses?
In most recent periods, Seachange Capital Partners Inc has generated more revenue than it has spent. For example, in 202312, revenue was $4,050,128 against expenses of $3,112,459, demonstrating a positive net income.
Are there any concerns regarding liabilities?
Liabilities have fluctuated, reaching a high of $3,132,320 in 202212, but have generally remained a manageable portion of total assets. In 202312, liabilities were $1,436,956 against assets of $8,914,155, indicating a strong asset-to-liability ratio.
Filing History
IRS 990 filing history for Seachange Capital Partners Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seachange Capital Partners Inc's revenue has grown by 100.8%, moving from $2.0M to $4.1M. Total assets increased by 83.5% over the same period, from $4.9M to $8.9M. Total functional expenses fell by 54.8%, from $6.9M to $3.1M. In its most recent filing year (2023), Seachange Capital Partners Inc reported a surplus of $938K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $8.9M in assets (debt-to-asset ratio: 16.1%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $3.1M | $8.9M | $1.4M | — | — |
| 2022 | $2.5M | $2.2M | $9.7M | $3.1M | — | View 990 |
| 2021 | $3.3M | $2.3M | $7.6M | $1.4M | — | View 990 |
| 2020 | $4.7M | $2.1M | $6.3M | $1.2M | — | — |
| 2019 | $2.0M | $2.1M | $2.9M | $309K | — | View 990 |
| 2018 | $1.8M | $1.8M | $2.8M | $26K | — | View 990 |
| 2017 | $1.8M | $1.3M | $2.9M | $47K | — | View 990 |
| 2016 | $1.6M | $1.7M | $2.4M | $33K | — | View 990 |
| 2015 | $1.7M | $1.6M | $2.5M | $25K | — | View 990 |
| 2014 | $1.2M | $1.8M | $2.7M | $339K | — | View 990 |
| 2013 | $806K | $2.1M | $3.2M | $124K | — | View 990 |
| 2012 | $2.5M | $3.0M | $4.4M | $97K | — | View 990 |
| 2011 | $2.0M | $6.9M | $4.9M | $91K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $3.1M, and assets of $8.9M (revenue +59.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.2M, and assets of $9.7M (revenue -24.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.3M, and assets of $7.6M (revenue -28.5% year-over-year).
- 2020: Revenue of $4.7M, expenses of $2.1M, and assets of $6.3M (revenue +139.9% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $2.9M (revenue +9.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $2.8M (revenue +1.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $2.9M (revenue +10.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $2.4M (revenue -5.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $2.5M (revenue +39.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.8M, and assets of $2.7M (revenue +50.3% year-over-year).
- 2013: Revenue of $806K, expenses of $2.1M, and assets of $3.2M (revenue -67.6% year-over-year).
- 2012: Revenue of $2.5M, expenses of $3.0M, and assets of $4.4M (revenue +23.1% year-over-year).
- 2011: Revenue of $2.0M, expenses of $6.9M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seachange Capital Partners Inc:
Data Sources and Methodology
This transparency report for Seachange Capital Partners Inc 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.