The Seed LA Semilla House of Praise

Analysis

The Seed LA Semilla House of Praise is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Seed LA Semilla House of Praise reported income of $307k and spending of $323k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $302k to $307k (+1.8%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Seed LA Semilla House of Praise sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Ministerios Llamada Final New York ($307k), Desilva Ministries ($308k) and Federacion San Pablo de Colores ($307k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $126k against liabilities of -$7,396, net assets of $133k.