Seed Savers Exchange Inc

Analysis

Seed Savers Exchange Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover food, agriculture and nutrition, 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 October 2023, Seed Savers Exchange Inc reported income of $6.4m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $5.3m to $6.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to October 2020, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seed Savers Exchange Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Project Quest ($6.4m), Pacific Primary ($6.4m) and Saint Anthonys Community Center Inc ($6.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 24% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $223k (3.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.3m against liabilities of $935k, net assets of $9.3m. It reported 99 employees.