Seed Basket Inc

Analysis

Seed Basket Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Seed Basket Inc reported income of $75k and spending of $30k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $75k (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 338%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Seed Basket Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include North Korea Strategy Center US Inc ($75k), Lutherans in Medical Missions ($75k) and Japanese Education Exchange Fund Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $9,951. At year end it held assets of $264k against liabilities of $5,153, net assets of $259k.