Seeds of Fortune

Analysis

Seeds of Fortune is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2022, Seeds of Fortune reported income of $359k and spending of $328k, spending 91% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $248k to $359k (+45%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 75% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Seeds of Fortune sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Tiqvah Hands of Hope ($359k), Girls Incorporated of Hamblen County ($359k) and Beyond the Game ($359k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (8.1% of expenses). Other salaries and wages came to $46k. At year end it held assets of $193k against liabilities of $0, net assets of $193k. It reported 2 employees.