Seed Commons

Analysis

Seed Commons is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Seed Commons reported income of $9.6m and spending of $10.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $9.6m (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 275%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seed Commons 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Greater Auburn Gresham Development Corporation ($9.5m), Community Partnership of the Ozark Inc ($9.6m) and Providence Foundation of San Francisco ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $760k (6.9% of expenses). Other salaries and wages came to $2.1m. It paid $17k in professional fundraising fees. At year end it held assets of $81.8m against liabilities of $63.3m, net assets of $18.4m. It reported 53 employees.