Seeds of Life Inc

Analysis

Seeds of Life Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2016, 10 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 2023, Seeds of Life Inc reported income of $107k and spending of $69k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $107k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 78% 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 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Circle G Mountain Ministry Inc ($107k), Wacom ($107k) and Keturahs Haven ($107k).

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 $104k against liabilities of $1,107, net assets of $103k.