Seeds Family Worship Inc

Analysis

Seeds Family Worship Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seeds Family Worship Inc reported income of $484k and spending of $517k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $365k to $484k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seeds Family Worship Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Mountain View Prevention Services ($484k), Chester County Art Association ($485k) and South Bay Musical Theatre ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $75k (15% of expenses). Other salaries and wages came to $153k. At year end it held assets of $31k against liabilities of $5,096, net assets of $26k. It reported 6 employees.