The Seed School of Maryland Inc

Analysis

The Seed School of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Seed School of Maryland Inc reported income of $22.0m and spending of $21.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.2m to $22.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Seed School of Maryland Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Community Based Education & Development ($22.0m), Scago Educational Facilities Corporation for Pickens School Dis ($22.0m) and Ksu Charitable Real Estate Foundation ($22.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $257k (1.2% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $44.1m against liabilities of $17.9m, net assets of $26.2m. It reported 182 employees.