City Seed Inc

Analysis

City Seed Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, City Seed Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $635k to $1.4m (+121%), an average of +22% a year. The sharpest change came in the year to January 2024, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, City Seed Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include North Central Area Agency on Aging ($1.4m), Inspira Homecare & Hospicecare Inc ($1.4m) and Outside Las Vegas Foundation ($1.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $719k. At year end it held assets of $743k against liabilities of $444k, net assets of $299k. It reported 26 employees.