Seeds of Life Inc

Analysis

Seeds of Life Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Seeds of Life Inc reported income of $597k and spending of $543k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $754k to $597k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Life Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Tree 4 Hope ($597k), Barron Area Community Center Inc ($597k) and Re Purpose Savannah Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $41k (7.5% of expenses). Other salaries and wages came to $176k. At year end it held assets of $84k against liabilities of $11k, net assets of $73k. It reported 9 employees.