Seeds of Hope Neighborhood Center

Analysis

Seeds of Hope Neighborhood Center is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Hope Neighborhood Center reported income of $338k and spending of $398k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $338k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seeds of Hope Neighborhood Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Lore Family Ministries Inc ($338k), Orthodox Christian Network Inc ($338k) and Good News for Life Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (18% of expenses). Other salaries and wages came to $126k. At year end it held assets of $811k against liabilities of $0, net assets of $811k. It reported 12 employees.