Seeds of Mustard Ministries Corporation

Analysis

Seeds of Mustard Ministries Corporation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in December 2010, 16 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, Seeds of Mustard Ministries Corporation reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Mustard Ministries Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Gateway Foundation ($1.9m), Ani Ledodi Inc ($1.9m) and North Shore Country Day School Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $295k (17% of expenses). Other salaries and wages came to $502k. At year end it held assets of $1.2m against liabilities of $5,902, net assets of $1.2m. It reported 24 employees.