The Golden Seeds Foundation

Analysis

The Golden Seeds Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Golden Seeds Foundation reported income of $424k and spending of $526k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $245k to $424k (+73%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Golden Seeds Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include LA Veta Village Inc ($424k), Restore Neighborhoods LA Inc ($425k) and Potters House Mission ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $46k. At year end it held assets of $895k against liabilities of $907k, net assets of -$12k. It reported 3 employees.