Seed Ministry Inc

Analysis

Seed Ministry Inc is a registered charity in United States, based in Elizabeth, IN. It received its IRS tax-exemption ruling in June 2001, 25 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, Seed Ministry Inc reported income of $303k and spending of $295k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $377k to $303k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seed Ministry Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Together West Michigan Education Fund ($303k), Frontier Tribal Missions Inc ($304k) and Overcoming Obstacles Ministries ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $29k (9.7% of expenses). Other salaries and wages came to $34k. At year end it held assets of $539k against liabilities of $0, net assets of $539k. It reported 1 employees.