The Mustard Seed Project of Key Peninsula

Analysis

The Mustard Seed Project of Key Peninsula is a registered charity in United States, based in Vaughn, WA. It received its IRS tax-exemption ruling in April 2011, 15 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 June 2023, The Mustard Seed Project of Key Peninsula reported income of $650k and spending of $1.6m, spending 242% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $710k to $650k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 536%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mustard Seed Project of Key Peninsula sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Casa de Paz ($650k), Light of Truth Center Inc ($650k) and Women Watch Afrika Inc ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $98k (6.2% of expenses). Other salaries and wages came to $281k. At year end it held assets of $15.9m against liabilities of $8.6m, net assets of $7.3m. It reported 11 employees.