Seeds of Hope of Northern Colorado Inc

Analysis

Seeds of Hope of Northern Colorado Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Seeds of Hope of Northern Colorado Inc reported income of $3.2m and spending of $3.3m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.9m to $3.2m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seeds of Hope of Northern Colorado Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Erie Independence House Inc ($3.2m), Glen Ellyn Food Pantry Inc ($3.2m) and The Family Y ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $143k (4.3% of expenses). Other salaries and wages came to $182k. It paid $144k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $64k, net assets of $5.2m. It reported 5 employees.