Seeds of Substance

Analysis

Seeds of Substance is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in December 2021, 5 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 December 2022, Seeds of Substance reported income of $1.5m and spending of $2.0m, spending 128% of what it took in. Across the 4 years on record, from December 2018 to December 2022, income grew from $900k to $1.5m (+70%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Substance sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Kid Pack Inc ($1.5m), Puerto Rican Community Center Inc ($1.5m) and Nexus Foundation for Family Healing ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $555k (28% of expenses). Other salaries and wages came to $276k. At year end it held assets of $3.2m against liabilities of $480k, net assets of $2.7m. It reported 51 employees.