Seed LA Support Corp

Analysis

Seed LA Support Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seed LA Support Corp reported income of $1.4m and spending of $74k, leaving 95% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $5.4m to $1.4m (-74%), an average of -49% a year. The sharpest change came in the year to June 2022, when income dropped by 72%. Over the whole period it spent 1.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seed LA Support Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Chester County Opportunities Industrialization Center ($1.4m), Rochester Christian School Inc ($1.4m) and Hawaii Farmers Union Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $84.6m against liabilities of $76.4m, net assets of $8.2m.