Seedlings Braille Books for Children

Analysis

Seedlings Braille Books for Children is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, Seedlings Braille Books for Children reported income of $980k and spending of $1.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $980k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seedlings Braille Books for Children sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Upper Saucon Amb Corp ($980k), Common Ground Center for Community Renewal ($980k) and Seabrook Volunteer Fire Department ($980k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $97k (9.6% of expenses). Other salaries and wages came to $413k. At year end it held assets of $4.0m against liabilities of $42k, net assets of $4.0m. It reported 18 employees.