Seeds of Hope Homes Inc

Analysis

Seeds of Hope Homes Inc is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Seeds of Hope Homes Inc reported income of $239k and spending of $278k, spending 116% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $204k to $239k (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Hope Homes Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Outreach Nation Corp ($239k), Carroll County Veterans Independence Project Inc ($239k) and New Beginnings Womens Center ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $59k against liabilities of $1,225, net assets of $57k. It reported 1 employees.