Seeding Success

Analysis

Seeding Success is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Seeding Success reported income of $23.6m and spending of $20.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $7.4m to $23.6m (+217%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Seeding Success sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Tulsa Educare Inc ($23.5m), Boys and Girls Clubs of Snohomish County ($23.8m) and National Ffa Foundation Inc ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $194k (0.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $7.7m against liabilities of $2.1m, net assets of $5.6m. It reported 33 employees.