Seeds for Hope of Northeast Iowa

Analysis

Seeds for Hope of Northeast Iowa is a registered charity in United States, based in Manchester, IA. It received its IRS tax-exemption ruling in October 2019, 7 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 April 2024, Seeds for Hope of Northeast Iowa reported income of $72k and spending of $78k, spending 109% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $124k to $72k (-42%), an average of -42% a year. The sharpest change came in the year to April 2024, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds for Hope of Northeast Iowa sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within IA. Charities of a similar size with the same main cause include Cleveland Park Kinderhaus Ltd ($72k), Penn Foundation ($72k) and Society of St Vincent de Paul St Paul Conference ($72k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.