Precious Seed Inc

Analysis

Precious Seed Inc is a registered charity in United States, based in Alton, TX. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Precious Seed Inc reported income of $83k and spending of $86k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $83k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Precious Seed Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Last Ministry Inc ($83k), Ministerio Internacional El Shaddai Corp ($83k) and St Williams on Long Point Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.