Sowing Empowerment and Economic Development Inc

Analysis

Sowing Empowerment and Economic Development Inc is a registered charity in United States, based in Riverdale, MD. It received its IRS tax-exemption ruling in November 2000, 26 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 2023, Sowing Empowerment and Economic Development Inc reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.8m to $1.3m (-54%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sowing Empowerment and Economic Development Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Growing Places ($1.3m), Metro Nashville Teachers Apartment Inc ($1.3m) and Flint Hills Coordinated Transit Council Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.1% of the total. Other salaries and wages came to $432k. At year end it held assets of $371k against liabilities of $378k, net assets of -$7,128. It reported 8 employees.