Seedai Inc

Analysis

Seedai Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover science and technology, 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, Seedai Inc reported income of $1.5m and spending of $1.9m, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $87k to $1.5m (+1601%), an average of +312% a year. The sharpest change came in the year to December 2023, when income rose by 632%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seedai Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Srba Historic Building and Environmental Preservation Foundat ($1.5m), Washington Concert Opera ($1.5m) and Tinworks Art ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,833 (0.3% of expenses). Other salaries and wages came to $90k. At year end it held assets of $83k against liabilities of $454k, net assets of -$372k. It reported 4 employees.