Seed Sowers Evangelistic Association Inc

Analysis

Seed Sowers Evangelistic Association Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Seed Sowers Evangelistic Association Inc reported income of $1.2m and spending of $1.2m, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.6m to $1.2m (-56%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 69%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seed Sowers Evangelistic Association 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 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Friendship House Inc ($1.2m), Wichita Mountains Prevention Network Inc ($1.2m) and Adult Day Services Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $20k (1.6% of expenses). At year end it held assets of $783k against liabilities of $268k, net assets of $514k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.