Semilla Project

Analysis

Semilla Project is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Semilla Project reported income of $2.2m and spending of $873k, leaving 61% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $216k to $2.2m (+935%), an average of +935% a year. The sharpest change came in the year to June 2024, when income rose by 935%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Semilla Project sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NM. Charities of a similar size with the same main cause include Families Forward Learning Center ($2.2m), National Technical Honor Society ($2.2m) and Golden West College Foundation ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (11% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.5m against liabilities of $10k, net assets of $1.5m. It reported 1 employees.