Seeds of Hope Inc

Analysis

Seeds of Hope Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Inc reported income of $930k and spending of $518k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $835k to $930k (+11%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 48% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seeds of Hope Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Sullivan County Anti-Drug Coalition ($929k), Pali Momi Foundation ($930k) and Doctors Volunteer Clinic of St George ($929k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $73k (14% of expenses). Other salaries and wages came to $133k. At year end it held assets of $3.3m against liabilities of $758k, net assets of $2.6m. It reported 11 employees.