Seeding Labs a Non Profit Corporation

Analysis

Seeding Labs a Non Profit Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Seeding Labs a Non Profit Corporation reported income of $2.9m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.9m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seeding Labs a Non Profit Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Greater Philadelphia Cultural Alliance ($2.9m), Civic Lubbock Inc ($2.9m) and Polynesian Voyaging Society ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $220k (7.2% of expenses). Other salaries and wages came to $507k. At year end it held assets of $5.7m against liabilities of $61k, net assets of $5.6m. It reported 12 employees.