Seeds Of Hope Inc
Seeds Of Hope Inc shows consistent revenue growth and strong asset accumulation with zero reported liabilities.
EIN: 205955376 · Charlotte, NC · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $122K |
| Program Spending | 85% |
| Net Assets | $436K |
| Transparency Score | 88/100 |
Is Seeds Of Hope Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seeds Of Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seeds Of Hope Inc
Seeds Of Hope Inc (EIN: 205955376) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T99. The organization reported total revenue of $236K and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeds Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeds Of Hope Inc is a small nonprofit that has been operating for 8 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $122K |
| Surplus / Deficit | +$83K |
| Total Assets | $436K |
| Net Assets | $436K |
| Operating Margin | 40.6% |
| Months of Reserves | 42.9 months |
Financial Health Grade: A
In 2023, Seeds Of Hope Inc reported a surplus of $83K with revenue exceeding expenses, holds 42.9 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Seeds Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.8% | +91.7% | +23.6% |
| 2022 | -63.6% | +39.8% | +7.4% |
| 2021 | +148.3% | -1.1% | +147.3% |
| 2020 | -10.5% | +11.6% | +62.5% |
| 2019 | +141.5% | -11.7% | +465.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2018 |
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 Seeds Of Hope Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Seeds Of Hope Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $83K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is a positive for resource allocation given the organization's size.
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.
Strengths
The following positive indicators were identified for Seeds Of Hope Inc:
- Consistent revenue growth, with latest revenue at $205,443.
- Strong asset accumulation, reaching $436,485 in 2023.
- Zero reported liabilities across all filings, indicating excellent financial stability.
- Expenses consistently lower than revenue in recent years, demonstrating efficient financial management.
- No officer compensation reported, suggesting high dedication of resources to mission.
Frequently Asked Questions about Seeds Of Hope Inc
Is Seeds Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seeds Of Hope Inc (EIN: 205955376) appears legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Seeds Of Hope Inc spend its money?
Seeds Of Hope Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seeds Of Hope Inc tax-deductible?
Seeds Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 205955376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seeds Of Hope Inc's spending goes to programs?
Seeds Of Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seeds Of Hope Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Seeds Of Hope Inc is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seeds Of Hope Inc located?
Seeds Of Hope Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 205955376. It is classified under NTEE code T99.
How many years of IRS 990 filings does Seeds Of Hope Inc have?
Seeds Of Hope Inc has 10 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 $236K in total revenue.
Is Seeds Of Hope Inc a good charity?
Based on the financial data, Seeds Of Hope Inc appears to be a well-managed charity. It consistently generates more revenue than expenses, has a growing asset base, and reports zero liabilities. The absence of officer compensation also suggests a strong commitment to directing funds towards its mission.
How has Seeds Of Hope Inc's financial health changed over time?
Seeds Of Hope Inc has shown significant financial growth. Its assets have grown from $14,464 in 2018 to $436,485 in 2023. Revenue has also seen substantial increases, particularly from $45,000 in 2018 to $205,443 in 2023, indicating a positive upward trend in financial capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all available filings, suggesting that its executive leadership is either entirely volunteer-based or compensated through roles not categorized as officer compensation, which is a highly efficient practice for a nonprofit of this size.
Filing History
IRS 990 filing history for Seeds Of Hope Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seeds Of Hope Inc's revenue has grown by 6.5%, moving from $193K to $205K. Total assets increased by 241.1% over the same period, from $128K to $436K. Total functional expenses fell by 32.1%, from $180K to $122K. In its most recent filing year (2023), Seeds Of Hope Inc reported a surplus of $83K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $205K | $122K | $436K | $0 | — | — |
| 2022 | $88K | $64K | $353K | $0 | — | View 990 |
| 2021 | $241K | $46K | $329K | $0 | — | View 990 |
| 2020 | $97K | $46K | $133K | $0 | — | View 990 |
| 2019 | $109K | $41K | $82K | $0 | — | View 990 |
| 2018 | $45K | $47K | $14K | $0 | — | View 990 |
| 2017 | $0 | $0 | $76K | $0 | — | — |
| 2013 | $23K | $65K | $22K | $0 | — | View 990 |
| 2012 | $197K | $261K | $64K | $0 | — | View 990 |
| 2011 | $193K | $180K | $128K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $205K, expenses of $122K, and assets of $436K (revenue +133.8% year-over-year).
- 2022: Revenue of $88K, expenses of $64K, and assets of $353K (revenue -63.6% year-over-year).
- 2021: Revenue of $241K, expenses of $46K, and assets of $329K (revenue +148.3% year-over-year).
- 2020: Revenue of $97K, expenses of $46K, and assets of $133K (revenue -10.5% year-over-year).
- 2019: Revenue of $109K, expenses of $41K, and assets of $82K (revenue +141.5% year-over-year).
- 2018: Revenue of $45K, expenses of $47K, and assets of $14K.
- 2017: Revenue of $0, expenses of $0, and assets of $76K (revenue -100.0% year-over-year).
- 2013: Revenue of $23K, expenses of $65K, and assets of $22K (revenue -88.2% year-over-year).
- 2012: Revenue of $197K, expenses of $261K, and assets of $64K (revenue +2.0% year-over-year).
- 2011: Revenue of $193K, expenses of $180K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeds Of Hope Inc:
Data Sources and Methodology
This transparency report for Seeds Of Hope Inc 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.