Seeker Springs Ministry Inc

Analysis

Seeker Springs Ministry Inc is a registered charity in United States, based in Eros, LA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seeker Springs Ministry Inc reported income of $145k and spending of $159k, spending 109% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $452k to $145k (-68%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seeker Springs Ministry Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within LA. Charities of a similar size with the same main cause include Pine Richland United Youth Football and Cheer ($145k), Tualatin Quarterback Club Inc ($145k) and Oax Cares Booster Club Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $26k (16% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.2m against liabilities of $102k, net assets of $1.1m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.