The Seimei Spiritual Foundation Inc

Analysis

The Seimei Spiritual Foundation Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Seimei Spiritual Foundation Inc reported income of $124k and spending of $103k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $124k (+3.3%), an average of +3.3% a year. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Seimei Spiritual Foundation Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Family Builders Inc ($124k), Ishaya Foundation ($124k) and Usanyc Chinatown Christian Church Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $165k against liabilities of $6,444, net assets of $159k.