Good Seed Community Development Corporation

Analysis

Good Seed Community Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, Good Seed Community Development Corporation reported income of $3.6m and spending of $3.3m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $3.6m (+131%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Seed Community Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association ($3.6m), Young Mens Christian Association of Washington Iowa ($3.6m) and New Sun Rising ($3.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $405k against liabilities of $0, net assets of $405k. It reported 11 employees.