Seeds Of Life Inc
EIN: 371758668 · Mt Pleasant, SC · NTEE: F30
| Metric | Value |
|---|---|
| Total Revenue | $961K |
| Total Expenses | $1.3M |
| Net Assets | $280K |
Is Seeds Of Life Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seeds Of Life Inc
Seeds Of Life Inc (EIN: 371758668) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code F30. The organization reported total revenue of $961K and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeds Of Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeds Of Life Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 48.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-7,163 |
| Total Assets | $303K |
| Total Liabilities | $23K |
| Net Assets | $280K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Seeds Of Life Inc reported a deficit of $7K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Seeds Of Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 48.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -10.3% | -7.5% |
| 2022 | +27.0% | +31.5% | -34.1% |
| 2021 | +15.9% | +28.0% | -3.7% |
| 2020 | +20.7% | +40.1% | +7.3% |
| 2019 | +6.2% | +14.5% | +39.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seeds Of Life Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seeds Of Life Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Seeds Of Life Inc
Is Seeds Of Life Inc a legitimate charity?
Seeds Of Life Inc (EIN: 371758668) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $961K. No red flags identified. Financial health grade: C.
How does Seeds Of Life Inc spend its money?
Seeds Of Life Inc reported $961K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seeds Of Life Inc tax-deductible?
Seeds Of Life Inc is registered as a tax-exempt nonprofit (EIN: 371758668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seeds Of Life Inc located?
Seeds Of Life Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 371758668. It is classified under NTEE code F30.
How many years of IRS 990 filings does Seeds Of Life Inc have?
Seeds Of Life 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 $961K in total revenue.
Filing History
IRS 990 filing history for Seeds Of Life Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Seeds Of Life Inc's revenue has grown by 3302.4%, moving from $39K to $1.3M. Total assets increased by 1690.1% over the same period, from $17K to $303K. Total functional expenses rose by 5692.2%, from $23K to $1.3M. In its most recent filing year (2023), Seeds Of Life Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $23K in liabilities against $303K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $280K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $303K | $23K | — | — |
| 2022 | $1.3M | $1.5M | $328K | $40K | — | View 990 |
| 2021 | $1.1M | $1.1M | $497K | $68K | — | View 990 |
| 2020 | $912K | $880K | $516K | $23K | — | View 990 |
| 2019 | $756K | $629K | $481K | $21K | — | View 990 |
| 2018 | $712K | $549K | $344K | $12K | — | View 990 |
| 2017 | $656K | $610K | $191K | $23K | — | View 990 |
| 2016 | $525K | $507K | $132K | $9K | — | View 990 |
| 2015 | $499K | $426K | $108K | $3K | — | View 990 |
| 2014 | $39K | $23K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $303K (revenue -1.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $328K (revenue +27.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $497K (revenue +15.9% year-over-year).
- 2020: Revenue of $912K, expenses of $880K, and assets of $516K (revenue +20.7% year-over-year).
- 2019: Revenue of $756K, expenses of $629K, and assets of $481K (revenue +6.2% year-over-year).
- 2018: Revenue of $712K, expenses of $549K, and assets of $344K (revenue +8.5% year-over-year).
- 2017: Revenue of $656K, expenses of $610K, and assets of $191K (revenue +24.9% year-over-year).
- 2016: Revenue of $525K, expenses of $507K, and assets of $132K (revenue +5.3% year-over-year).
- 2015: Revenue of $499K, expenses of $426K, and assets of $108K (revenue +1183.4% year-over-year).
- 2014: Revenue of $39K, expenses of $23K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeds Of Life Inc:
Data Sources and Methodology
This transparency report for Seeds Of Life 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.