Suprseed Inc

Analysis

Suprseed Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2023, Suprseed Inc reported income of $291k and spending of $456k, spending 157% of what it took in. Across the 4 years on record, from May 2020 to June 2023, income grew from $214k to $291k (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Suprseed Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include California Hands & Voices ($291k), Loving Bottoms Diaper Bank ($291k) and Miami County Helping Hands Inc ($291k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (20% of expenses). Other salaries and wages came to $52k. At year end it held assets of $1.4m against liabilities of $813k, net assets of $614k. It reported 2 employees.