Seed Daycare

Analysis

Seed Daycare is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2022, Seed Daycare reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $2.2m to $2.2m (-0.2%), an average of -0.1% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seed Daycare sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include The Georgia Coalition for the Peoples Agenda Inc ($2.2m), Montgomery County Office for the Aging Inc ($2.2m) and Texas Pythian Home Inc ($2.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 9.0% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $310k (15% of expenses). Other salaries and wages came to $198k. At year end it held assets of $5.6m against liabilities of $5.5m, net assets of $95k. It reported 15 employees.