Apple Seeds

Analysis

Apple Seeds is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Apple Seeds reported income of $209k and spending of $177k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $209k (+174%), an average of +174% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Apple Seeds sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Vintage LA Conner ($209k), In My Fathers House Community Support Services Network Inc ($209k) and Phat an Temple ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $26k against liabilities of $24k, net assets of $2,114.