Seed Net

Analysis

Seed Net is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Seed Net reported income of $292k and spending of $295k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $253k to $292k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seed Net sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Powered to Move ($292k), Soul for Christ Ministry Inc ($293k) and Horizonte Ministries ($292k).

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 $11k. At year end it held assets of $17k against liabilities of $8,700, net assets of $8,512. It reported 2 employees.