Seeds of Healing Inc

Analysis

Seeds of Healing Inc is a registered charity in United States, based in Castle Hayne, NC. It received its IRS tax-exemption ruling in July 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 Healing Inc reported income of $126k and spending of $117k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $126k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Healing Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Cocoon Project Inc ($126k), Hamakua Harvest Inc ($126k) and Clear Stream Integrative Medicine LLC ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $60k against liabilities of $411, net assets of $60k.