Seeds Of Hope Ministries Inc
Seeds Of Hope Ministries Inc shows consistent asset growth and no reported officer compensation over the past five years.
EIN: 202726446 · Camden, NJ · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $554K |
| Total Expenses | $433K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Seeds Of Hope Ministries 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 Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seeds Of Hope Ministries Inc
Seeds Of Hope Ministries Inc (EIN: 202726446) is a nonprofit organization based in Camden, NJ, classified under NTEE code P50. The organization reported total revenue of $554K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeds Of Hope Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeds Of Hope Ministries Inc is a small nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $560K |
| Total Expenses | $433K |
| Surplus / Deficit | +$128K |
| Total Assets | $1.1M |
| Total Liabilities | $8K |
| Net Assets | $1.1M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Seeds Of Hope Ministries Inc reported a surplus of $128K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seeds Of Hope Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +9.9% | +12.5% |
| 2022 | -13.0% | -20.6% | +4.3% |
| 2021 | +1.6% | +26.4% | +7.1% |
| 2020 | +33.5% | +3.4% | +49.7% |
| 2019 | +1.2% | -1.0% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Ministries Inc with a Mission Score of 90 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 Ministries 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 $128K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by other means not reported as officer compensation, which is highly favorable for directing funds to programs.
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 Ministries Inc:
- Consistent asset growth, from $585,083 in 2019 to $1,102,066 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Revenue consistently exceeding expenses in recent years, allowing for financial stability and growth (e.g., 2023 revenue $560,120 vs. expenses $432,557).
- Low liabilities relative to assets, with liabilities at $8,424 against assets of $1,102,066 in 2023.
Frequently Asked Questions about Seeds Of Hope Ministries Inc
Is Seeds Of Hope Ministries Inc a legitimate charity?
Seeds Of Hope Ministries Inc (EIN: 202726446) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $554K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Seeds Of Hope Ministries Inc spend its money?
Seeds Of Hope Ministries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seeds Of Hope Ministries Inc tax-deductible?
Seeds Of Hope Ministries Inc is registered as a tax-exempt nonprofit (EIN: 202726446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seeds Of Hope Ministries Inc's spending goes to programs?
Seeds Of Hope Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seeds Of Hope Ministries Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Seeds Of Hope Ministries Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seeds Of Hope Ministries Inc located?
Seeds Of Hope Ministries Inc is headquartered in Camden, New Jersey and files with the IRS under EIN 202726446. It is classified under NTEE code P50.
How many years of IRS 990 filings does Seeds Of Hope Ministries Inc have?
Seeds Of Hope Ministries Inc 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 $554K in total revenue.
Is Seeds Of Hope Ministries Inc a good charity?
Based on the financial data, Seeds Of Hope Ministries Inc appears to be a good charity. It demonstrates strong financial health with growing assets, consistent revenue, and a notable commitment to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Assets have nearly doubled from $585,083 in 2019 to $1,102,066 in 2023, and revenue has generally increased, indicating sustainable growth and capacity building.
What is the organization's approach to executive compensation?
Seeds Of Hope Ministries Inc reports 0% officer compensation in all available filings, suggesting a highly volunteer-driven leadership or that executive roles are compensated through non-officer channels, which is a strong indicator of fiscal prudence.
Filing History
IRS 990 filing history for Seeds Of Hope Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seeds Of Hope Ministries Inc's revenue has grown by 129.7%, moving from $244K to $560K. Total assets increased by 1181.5% over the same period, from $86K to $1.1M. Total functional expenses rose by 74.4%, from $248K to $433K. In its most recent filing year (2023), Seeds Of Hope Ministries Inc reported a surplus of $128K, with revenue exceeding expenses. The organization holds $8K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $560K | $433K | $1.1M | $8K | — | — |
| 2022 | $536K | $394K | $979K | $0 | — | View 990 |
| 2021 | $616K | $496K | $939K | $109K | — | View 990 |
| 2020 | $606K | $392K | $876K | $199K | — | View 990 |
| 2019 | $454K | $379K | $585K | $122K | — | View 990 |
| 2018 | $449K | $383K | $455K | $67K | — | View 990 |
| 2017 | $467K | $300K | $395K | $73K | — | View 990 |
| 2016 | $362K | $405K | $234K | $79K | — | View 990 |
| 2015 | $319K | $394K | $283K | $84K | — | View 990 |
| 2014 | $450K | $349K | $347K | $73K | — | View 990 |
| 2013 | $353K | $336K | $156K | $12K | — | View 990 |
| 2012 | $280K | $242K | $120K | $0 | — | View 990 |
| 2011 | $244K | $248K | $86K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $560K, expenses of $433K, and assets of $1.1M (revenue +4.5% year-over-year).
- 2022: Revenue of $536K, expenses of $394K, and assets of $979K (revenue -13.0% year-over-year).
- 2021: Revenue of $616K, expenses of $496K, and assets of $939K (revenue +1.6% year-over-year).
- 2020: Revenue of $606K, expenses of $392K, and assets of $876K (revenue +33.5% year-over-year).
- 2019: Revenue of $454K, expenses of $379K, and assets of $585K (revenue +1.2% year-over-year).
- 2018: Revenue of $449K, expenses of $383K, and assets of $455K (revenue -3.9% year-over-year).
- 2017: Revenue of $467K, expenses of $300K, and assets of $395K (revenue +29.1% year-over-year).
- 2016: Revenue of $362K, expenses of $405K, and assets of $234K (revenue +13.6% year-over-year).
- 2015: Revenue of $319K, expenses of $394K, and assets of $283K (revenue -29.2% year-over-year).
- 2014: Revenue of $450K, expenses of $349K, and assets of $347K (revenue +27.4% year-over-year).
- 2013: Revenue of $353K, expenses of $336K, and assets of $156K (revenue +26.2% year-over-year).
- 2012: Revenue of $280K, expenses of $242K, and assets of $120K (revenue +14.8% year-over-year).
- 2011: Revenue of $244K, expenses of $248K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeds Of Hope Ministries Inc:
Data Sources and Methodology
This transparency report for Seeds Of Hope Ministries 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.