Project Sos Seeds of Service Inc

Analysis

Project Sos Seeds of Service Inc is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in March 2020, 6 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 June 2023, Project Sos Seeds of Service Inc reported income of $471k and spending of $425k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $164k to $471k (+187%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 157%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Sos Seeds of Service Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Greater North Shore Link Inc ($471k), St Mary Coptic Orthodox School ($471k) and Palmyra Community Center Inc ($471k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $230k. At year end it held assets of $73k against liabilities of $251k, net assets of -$178k. It reported 16 employees.