Seacoast United Foundation

Seacoast United Foundation faces severe financial decline with minimal revenue and increasing liabilities.

EIN: 20465503 · Epping, NH · Updated: 2026-03-28

$588Revenue

$26KAssets

30/100Mission Score (Poor)

Is Seacoast United Foundation Legit?

Significant Concerns

GoodFiling Consistency

GoodSpending Efficiency

ModerateTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Seacoast United Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Seacoast United Foundation

Seacoast United Foundation (EIN: 20465503) is a nonprofit organization based in Epping, NH. The organization reported total revenue of $588 and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast United Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Seacoast United Foundation exhibits a concerning financial trend with consistently declining revenue and increasing liabilities in recent years. In the latest 202306 filing, the organization reported a mere $588 in revenue against $1,432 in expenses, indicating a significant operating deficit. This follows a sharp drop from $7,685 in revenue in 202206 and $66,727 in 202106. The organization's assets have also significantly decreased from a peak of $274,166 in 201406 to $26,259 in 202306, while liabilities have risen to $26,229, nearly matching its total assets. This suggests a precarious financial position with minimal net assets.

The spending efficiency is difficult to assess precisely without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent pattern of expenses exceeding revenue across multiple years, particularly the substantial deficits in 202106 ($114,151 expenses vs. $66,727 revenue) and 202006 ($64,517 expenses vs. $26,527 revenue), raises questions about the sustainability of its operations. The organization's financial health appears to be in decline, with a very limited capacity to fund its mission based on current revenue streams.

Transparency regarding executive compensation is positive, with 0% reported for officer compensation across all available filings. However, the overall financial picture, marked by dwindling resources and persistent deficits, suggests a need for greater clarity on how the limited funds are being utilized and what strategies are in place to reverse the negative financial trajectory. The significant drop in revenue to just $588 in the latest period is particularly alarming and warrants further investigation into the organization's operational status.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Seacoast United Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Seacoast United Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving compensation, which is a positive for resource allocation given the organization's small and declining financial scale.

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 Seacoast United Foundation's IRS 990 filings:

Consistently declining revenue, dropping to $588 in 202306 from over $100,000 in prior years.
Persistent operating deficits, with expenses consistently exceeding revenue across multiple filing periods.
High liabilities relative to assets, with liabilities ($26,229) nearly matching assets ($26,259) in 202306.
Significant reduction in total assets from $274,166 in 201406 to $26,259 in 202306.

Strengths

The following positive indicators were identified for Seacoast United Foundation:

0% officer compensation reported across all available filings, indicating no executive salaries are drawing from limited funds.

Frequently Asked Questions about Seacoast United Foundation

Is Seacoast United Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Seacoast United Foundation (EIN: 20465503) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.

How does Seacoast United Foundation spend its money?

Seacoast United Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Seacoast United Foundation tax-deductible?

Seacoast United Foundation is registered as a tax-exempt nonprofit (EIN: 20465503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Seacoast United Foundation a good charity?

Based on the provided financial data, the organization is in a very precarious financial state with consistently declining revenue and significant operating deficits. While officer compensation is 0%, the overall financial health raises serious concerns about its ability to effectively deliver on its mission.

Why has the revenue dropped so drastically in recent years?

The revenue has plummeted from $109,653 in 201806 to just $588 in 202306. This drastic decline suggests a significant loss of funding sources or a substantial reduction in operational activities, which is a critical concern for the organization's viability.

What is the organization's plan to address its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue for many years (e.g., $1,432 expenses vs. $588 revenue in 202306; $114,151 expenses vs. $66,727 revenue in 202106). Without a clear strategy to generate more revenue or significantly cut expenses, its long-term sustainability is questionable.

How are the current assets being utilized given the high liabilities?

In 202306, assets were $26,259 and liabilities were $26,229, leaving very little net assets. This indicates that nearly all of the organization's assets are offset by its debts, severely limiting its financial flexibility and capacity for program investment.

Filing History

IRS 990 filing history for Seacoast United Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Seacoast United Foundation's revenue has declined by 100%, moving from $4.4M to $588. Total assets decreased by 99.6% over the same period, from $5.9M to $26K. Total functional expenses fell by 100%, from $4.2M to $1K. In its most recent filing year (2023), Seacoast United Foundation reported a deficit of $844, with expenses exceeding revenue. The organization holds $26K in liabilities against $26K in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $30.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$588	$1K	$26K	$26K	—	—
2022	$8K	$5K	$7K	$6K	—	—
2021	$67K	$114K	$0	$2K	—	—
2020	$27K	$65K	$56K	$10K	—	View 990
2019	$108K	$124K	$104K	$20K	—	View 990
2018	$110K	$123K	$117K	$18K	—	View 990
2017	$130K	$181K	$136K	$23K	—	—
2016	$49K	$134K	$185K	$21K	—	View 990
2015	$99K	$124K	$249K	$0	—	View 990
2014	$93K	$113K	$274K	$0	—	View 990
2013	$80K	$79K	$294K	$0	—	View 990
2012	$-996,274	$543K	$294K	$0	—	View 990
2011	$4.4M	$4.2M	$5.9M	$4.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $588, expenses of $1K, and assets of $26K (revenue -92.3% year-over-year).
2022: Revenue of $8K, expenses of $5K, and assets of $7K (revenue -88.5% year-over-year).
2021: Revenue of $67K, expenses of $114K, and assets of $0 (revenue +151.5% year-over-year).
2020: Revenue of $27K, expenses of $65K, and assets of $56K (revenue -75.4% year-over-year).
2019: Revenue of $108K, expenses of $124K, and assets of $104K (revenue -1.6% year-over-year).
2018: Revenue of $110K, expenses of $123K, and assets of $117K (revenue -15.6% year-over-year).
2017: Revenue of $130K, expenses of $181K, and assets of $136K (revenue +167.1% year-over-year).
2016: Revenue of $49K, expenses of $134K, and assets of $185K (revenue -50.7% year-over-year).
2015: Revenue of $99K, expenses of $124K, and assets of $249K (revenue +6.0% year-over-year).
2014: Revenue of $93K, expenses of $113K, and assets of $274K (revenue +16.6% year-over-year).
2013: Revenue of $80K, expenses of $79K, and assets of $294K.
2012: Revenue of $-996,274, expenses of $543K, and assets of $294K (revenue -122.4% year-over-year).
2011: Revenue of $4.4M, expenses of $4.2M, and assets of $5.9M.

Data Sources and Methodology

This transparency report for Seacoast United Foundation 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.