Seeds of Hope Charitable Trust

Analysis

Seeds of Hope Charitable Trust 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 (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 2024, Seeds of Hope Charitable Trust reported income of $378k and spending of $465k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $432k to $378k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 194% 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 Charitable Trust 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 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Portland Aquatic Club ($378k), Selfhelp Village Crafts Inc ($378k) and Mosdes Hatorah Vhachinuch of Blooming Grove Inc ($378k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $7,376 (1.6% of expenses). Other salaries and wages came to $15k. It paid $7,564 in professional fundraising fees. At year end it held assets of $10.3m against liabilities of $5,771, net assets of $10.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.