Seeds of Hope Inc

Analysis

Seeds of Hope Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Seeds of Hope Inc reported income of $205k and spending of $122k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $205k (-15%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seeds of Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Rachel Imeinu Foundation ($205k), Balboa Spirit Club ($205k) and Nehemiah Leaders Programs ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $436k against liabilities of $0, net assets of $436k.