New Seed Found

Analysis

New Seed Found is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, New Seed Found reported income of $180k and spending of $201k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $180k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 247%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Seed Found sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Sarahs Circle Inc ($180k), Nami Greenville SC ($180k) and Fred L Baybarz and Carolyn C Baybarz Foundation ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $24k (12% of expenses). Other salaries and wages came to $107k. At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.0m.