Seeds of Hope Inc

Analysis

Seeds of Hope Inc is a registered charity in United States, based in Casa Grande, AZ. It received its IRS tax-exemption ruling in September 1997, 29 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 Inc reported income of $282k and spending of $275k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $282k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seeds of Hope Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within AZ. Charities of a similar size with the same main cause include The Brightspring Hospice Foundation ($282k), Mustard Seed of Central Indiana Inc ($282k) and United Ministries of Savannah Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $118k. At year end it held assets of $572k against liabilities of $372k, net assets of $200k. It reported 6 employees.