Seeding Labs A Non Profit Corporation
Seeding Labs shows strong asset growth and no reported officer compensation, but recent expenses exceeded revenue.
EIN: 108267613 · Boston, MA · NTEE: U052 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Seeding Labs A Non Profit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seeding Labs A Non Profit Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seeding Labs A Non Profit Corporation
Seeding Labs A Non Profit Corporation (EIN: 108267613) is a nonprofit organization based in Boston, MA, classified under NTEE code U052. The organization reported total revenue of $3.5M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeding Labs A Non Profit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeding Labs A Non Profit Corporation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-178,880 |
| Total Assets | $5.7M |
| Total Liabilities | $61K |
| Net Assets | $5.6M |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, Seeding Labs A Non Profit Corporation reported a deficit of $179K with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seeding Labs A Non Profit Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.0% | +15.9% | -3.4% |
| 2022 | +96.4% | -3.1% | +80.9% |
| 2021 | +20.9% | +37.2% | +6.9% |
| 2020 | -34.2% | -30.2% | +20.1% |
| 2019 | +17.7% | -10.8% | +46.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8210 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seeding Labs A Non Profit Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Seeding Labs A Non Profit Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with annual revenues often exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seeding Labs A Non Profit Corporation's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312), indicating a potential operating deficit.
- Significant year-over-year revenue volatility (e.g., $5.7M in 2022 to $2.8M in 2023) could suggest reliance on unpredictable funding sources.
- Consistent 0% officer compensation is unusual for an organization of this scale and warrants further scrutiny to understand how leadership is compensated or if it's truly volunteer-led at the executive level.
Strengths
The following positive indicators were identified for Seeding Labs A Non Profit Corporation:
- Strong and consistent asset growth over the past decade, from $1.1M in 2014 to $5.7M in 2023.
- Low and stable liabilities, indicating good financial management and minimal debt burden.
- No reported officer compensation, suggesting a high proportion of resources are directed towards programmatic activities.
- Consistent IRS 990 filing history, demonstrating strong transparency and compliance.
Frequently Asked Questions about Seeding Labs A Non Profit Corporation
Is Seeding Labs A Non Profit Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seeding Labs A Non Profit Corporation (EIN: 108267613) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Seeding Labs A Non Profit Corporation spend its money?
Seeding Labs A Non Profit Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seeding Labs A Non Profit Corporation tax-deductible?
Seeding Labs A Non Profit Corporation is registered as a tax-exempt nonprofit (EIN: 108267613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seeding Labs A Non Profit Corporation CEO make?
Seeding Labs A Non Profit Corporation's highest-compensated officer earns $3 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seeding Labs A Non Profit Corporation's spending goes to programs?
Seeding Labs A Non Profit Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seeding Labs A Non Profit Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Seeding Labs A Non Profit Corporation is above average for NTEE category U052 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seeding Labs A Non Profit Corporation located?
Seeding Labs A Non Profit Corporation is headquartered in Boston, Massachusetts and files with the IRS under EIN 108267613. It is classified under NTEE code U052.
How many years of IRS 990 filings does Seeding Labs A Non Profit Corporation have?
Seeding Labs A Non Profit Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues often exceeding $3 million. This could indicate that executive leadership is compensated through a related entity, volunteers their time, or is compensated in non-reportable ways, which would require further investigation of the full 990 forms.
What caused the significant revenue spike in 2022 and subsequent drop in 2023?
Revenue surged from $2,907,900 in 2021 to $5,710,275 in 2022, then fell to $2,853,182 in 2023. Understanding the nature of this large, fluctuating income, whether it was a one-time grant, a major donation, or a change in funding strategy, is crucial for assessing financial stability.
Are the recent expenses exceeding revenue a cause for concern?
In the latest filing (202312), expenses ($3,032,062) exceeded revenue ($2,853,182). While a single year of deficit spending isn't necessarily alarming, especially if it's an investment, sustained deficits could impact the organization's long-term financial health, despite healthy asset levels.
Filing History
IRS 990 filing history for Seeding Labs A Non Profit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seeding Labs A Non Profit Corporation's revenue has grown by 222.3%, moving from $885K to $2.9M. Total assets increased by 2419.7% over the same period, from $226K to $5.7M. Total functional expenses rose by 315.6%, from $730K to $3.0M. In its most recent filing year (2023), Seeding Labs A Non Profit Corporation reported a deficit of $179K, with expenses exceeding revenue. The organization holds $61K in liabilities against $5.7M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.0M | $5.7M | $61K | — | — |
| 2022 | $5.7M | $2.6M | $5.9M | $68K | — | View 990 |
| 2021 | $2.9M | $2.7M | $3.3M | $188K | — | View 990 |
| 2020 | $2.4M | $2.0M | $3.1M | $210K | — | — |
| 2019 | $3.7M | $2.8M | $2.5M | $59K | — | View 990 |
| 2018 | $3.1M | $3.2M | $1.7M | $55K | — | View 990 |
| 2017 | $3.6M | $3.4M | $1.8M | $65K | — | View 990 |
| 2016 | $3.9M | $3.2M | $1.8M | $121K | — | View 990 |
| 2015 | $2.5M | $2.0M | $1.7M | $455K | — | View 990 |
| 2014 | $1.6M | $882K | $1.2M | $142K | — | View 990 |
| 2013 | $753K | $1.1M | $490K | $83K | — | View 990 |
| 2012 | $846K | $344K | $740K | $5K | — | View 990 |
| 2011 | $885K | $730K | $226K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.0M, and assets of $5.7M (revenue -50.0% year-over-year).
- 2022: Revenue of $5.7M, expenses of $2.6M, and assets of $5.9M (revenue +96.4% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.7M, and assets of $3.3M (revenue +20.9% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.0M, and assets of $3.1M (revenue -34.2% year-over-year).
- 2019: Revenue of $3.7M, expenses of $2.8M, and assets of $2.5M (revenue +17.7% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.2M, and assets of $1.7M (revenue -14.4% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.4M, and assets of $1.8M (revenue -7.0% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.2M, and assets of $1.8M (revenue +55.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.0M, and assets of $1.7M (revenue +58.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $882K, and assets of $1.2M (revenue +111.0% year-over-year).
- 2013: Revenue of $753K, expenses of $1.1M, and assets of $490K (revenue -10.9% year-over-year).
- 2012: Revenue of $846K, expenses of $344K, and assets of $740K (revenue -4.5% year-over-year).
- 2011: Revenue of $885K, expenses of $730K, and assets of $226K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeding Labs A Non Profit Corporation:
Data Sources and Methodology
This transparency report for Seeding Labs A Non Profit Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.