Seeds of Hope

Analysis

Seeds of Hope is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hope reported income of $448k and spending of $298k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $370k to $448k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Hope 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 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include One City Ministries ($448k), 4 Kids Sake Inc ($448k) and Mennonite Witness of the Americas ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $655k against liabilities of $3,279, net assets of $652k.