Seads of Love

Analysis

Seads of Love is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Seads of Love reported income of $238k and spending of $238k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $231k to $238k (+2.8%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seads of Love sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include People Advocating Recovery Inc ($238k), Wellness Within ($238k) and The Japanese Medical Society of America Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $16k (6.7% of expenses). Other salaries and wages came to $41k. At year end it held assets of $246k against liabilities of $214k, net assets of $32k. It reported 12 employees.