Appleseed Foundation Inc

Analysis

Appleseed Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Appleseed Foundation Inc reported income of $697k and spending of $623k, spending 89% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $633k to $697k (+10.0%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Appleseed Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Flint YMCA Foundation ($696k), Morse Foundation ($697k) and For the Kids Foundation Inc ($696k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $116k (19% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.7m against liabilities of $112k, net assets of $1.6m. It reported 3 employees.