Seeds of Joy Incorporated

Analysis

Seeds of Joy Incorporated is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Seeds of Joy Incorporated reported income of $209k and spending of $205k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $51k to $209k (+308%), an average of +60% a year. The sharpest change came in the year to June 2022, when income rose by 217%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seeds of Joy Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Fundacion Musica Y Pais Inc ($209k), Ho-Ho-Kus Home and School Association Inc ($209k) and Saratoga Joinery Inc ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $87k (43% of expenses). Other salaries and wages came to $24k. At year end it held assets of $151k against liabilities of $0, net assets of $151k.