Seeds of Life Inc

Analysis

Seeds of Life Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in November 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seeds of Life Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $1.3m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 101% 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 Life Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Glendale Memorial Health Foundation ($1.3m), Circle of Hope Health Care Services ($1.3m) and Center for Health Equity Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $504k. At year end it held assets of $303k against liabilities of $23k, net assets of $280k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.