Eternal Seeds Inc

Analysis

Eternal Seeds Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Eternal Seeds Inc reported income of $1.7m and spending of $388k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $275k to $1.7m (+517%), an average of +517% a year. The sharpest change came in the year to December 2023, when income rose by 517%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eternal Seeds Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Ragazzi Boys Chorus ($1.7m), Reno Chamber Orchestra Inc ($1.7m) and Beacon Media Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $22k (5.8% of expenses). Other salaries and wages came to $27k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.