Philly Seeds Inc

Analysis

Philly Seeds Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Philly Seeds Inc reported income of $1.0m and spending of $806k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $1.0m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philly Seeds Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Tenth Memorial Nonprofit Development Corporation ($1.0m), PRG Inc ($1.0m) and TG 110 Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $75k. At year end it held assets of $2.4m against liabilities of $12k, net assets of $2.4m.