Seedmoney

Analysis

Seedmoney is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Seedmoney reported income of $867k and spending of $618k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $573k to $867k (+51%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 76% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Seedmoney sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Upper Mississippi River Basin Association ($864k), Big Sioux Nursery Inc ($867k) and Pacific Northwest Pollution Control Association ($864k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $118k (19% of expenses). At year end it held assets of $773k against liabilities of $293, net assets of $773k. It reported 1 employees.