Sedum Inc

Analysis

Sedum Inc is a registered charity in United States, based in Port Matilda, PA. It received its IRS tax-exemption ruling in December 2007, 19 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 (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, Sedum Inc reported income of $110k and spending of $111k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $192k to $110k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sedum Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include The Westervelt Company ($110k), Independence Charitable Trust ($110k) and SCHLC Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,725 against liabilities of $0, net assets of $2,725.