Mustard Seed Development Center

Analysis

Mustard Seed Development Center is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2000, 26 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, Mustard Seed Development Center reported income of $254k and spending of $361k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $254k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mustard Seed Development Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Amazing Grace Food Pantry ($254k), Global Pendulum ($254k) and Ohio State Career Training Center Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $133k. At year end it held assets of $236k against liabilities of $570k, net assets of -$334k. It reported 5 employees.