The Mustard Seed Inc

Analysis

The Mustard Seed Inc is a registered charity in United States, based in Brandon, MS. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 April 2023, The Mustard Seed Inc reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $1.3m to $1.8m (+33%), an average of +10% a year. The sharpest change came in the year to April 2021, when income rose by 86%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mustard Seed Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Gay Mens Chorus of Los Angeles ($1.8m), Franklin Community Center Inc ($1.8m) and Clinton Association for a Renewed Environment Inc ($1.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $84k (4.3% of expenses). Other salaries and wages came to $789k. At year end it held assets of $4.7m against liabilities of $13k, net assets of $4.7m. It reported 38 employees.