Seed Foundation Inc

Analysis

Seed Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Seed Foundation Inc reported income of $7.8m and spending of $5.5m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $7.8m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seed Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Providence Public Library ($7.8m), Spring Creek Charter School Inc ($7.8m) and East Mesa Charter Elementary School ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $796k (15% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.8m against liabilities of $1.5m, net assets of $10.3m. It reported 31 employees.