Seedleaf Inc

Analysis

Seedleaf Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Seedleaf Inc reported income of $352k and spending of $352k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $215k to $352k (+64%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seedleaf Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Bisbee Coalition for the Homeless ($352k), North Hill Community Development Corporation ($353k) and Local 624 Training Program ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $98k. At year end it held assets of $180k against liabilities of $0, net assets of $180k. It reported 8 employees.