Seed of Abraham Ministries Inc

Analysis

Seed of Abraham Ministries Inc is a registered charity in United States, based in Merritt Is, FL. It received its IRS tax-exemption ruling in May 2017, 9 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 of Abraham Ministries Inc reported income of $6.1m and spending of $5.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $6.1m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seed of Abraham Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Eagles Wings International Inc ($6.1m), Pilgram Rest Foundation Inc ($6.1m) and McMahon-Parater Scholarship Foundation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Other salaries and wages came to $657k. At year end it held assets of $5.2m against liabilities of $159k, net assets of $5.1m. It reported 19 employees.