Mustardseed Inc

Analysis

Mustardseed Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in May 1994, 32 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, Mustardseed Inc reported income of $50k and spending of $52k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $51k to $50k (-1.1%), an average of -1.1% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mustardseed Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Soar Again ($50k), Circle of Vietnamese Parents Inc ($50k) and Resilience High Point ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 3.9% of the total. At year end it held assets of $236k against liabilities of $1,536, net assets of $235k.