Seeds of Hope Nigeria

Analysis

Seeds of Hope Nigeria is a registered charity in United States, based in LTL Suamico, WI. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Seeds of Hope Nigeria reported income of $181k and spending of $163k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $181k (+35%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Hope Nigeria sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within WI. Charities of a similar size with the same main cause include Ida and Asset Building Collaborative of North Carolina ($181k), Network Housing 94 Sixth Street Inc ($181k) and Narratives QC Inc NFP ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.