Seeds for Progress Foundation Inc

Analysis

Seeds for Progress Foundation Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in December 2013, 13 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, Seeds for Progress Foundation Inc reported income of $506k and spending of $900k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $506k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Seeds for Progress Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Shining Light International ($506k), Gospel to Haiti Inc ($507k) and One Heart Global Ministries ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $267k. At year end it held assets of $262k against liabilities of $194k, net assets of $68k.