Seeds Of Literacy
Seeds Of Literacy consistently dedicates all revenue to mission-related expenses with no reported officer compensation.
EIN: 200884284 · Cleveland, OH · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7M |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Seeds Of Literacy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seeds Of Literacy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seeds Of Literacy
Seeds Of Literacy (EIN: 200884284) is a nonprofit organization based in Cleveland, OH, classified under NTEE code P40. The organization reported total revenue of $1.8M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeds Of Literacy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeds Of Literacy is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-448 |
| Total Assets | $1.2M |
| Total Liabilities | $79K |
| Net Assets | $1.1M |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Seeds Of Literacy reported a deficit of $448 with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seeds Of Literacy's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.2% | +24.4% | +1.2% |
| 2022 | +14.5% | +48.9% | -9.0% |
| 2021 | +4.5% | -12.0% | +29.1% |
| 2020 | +7.6% | -0.9% | +28.2% |
| 2019 | -10.7% | +3.0% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Literacy with a Mission Score of 95 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 Literacy 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 deficit of $448, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
Seeds Of Literacy has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that no portion of their revenue is allocated to executive salaries, which is highly unusual for an organization of its size ($1.7M revenue).
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 Literacy:
- Consistent revenue growth over a decade, from $534,345 in 2014 to $1,723,837 in 2023.
- Zero reported officer compensation across all 13 IRS 990 filings, indicating high efficiency and mission focus.
- Expenses consistently track closely with revenue, demonstrating efficient utilization of funds (e.g., $1,724,285 expenses vs. $1,723,837 revenue in 2023).
- Healthy growth in assets, from $284,761 in 2014 to $1,224,130 in 2023, providing financial stability.
- Strong program spending ratio, with a high percentage of funds directed towards direct services.
Frequently Asked Questions about Seeds Of Literacy
Is Seeds Of Literacy a legitimate charity?
Based on AI analysis of IRS 990 filings, Seeds Of Literacy (EIN: 200884284) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Seeds Of Literacy spend its money?
Seeds Of Literacy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seeds Of Literacy tax-deductible?
Seeds Of Literacy is registered as a tax-exempt nonprofit (EIN: 200884284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seeds Of Literacy CEO make?
Seeds Of Literacy's highest-compensated officer earns $1.7M annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seeds Of Literacy's spending goes to programs?
Seeds Of Literacy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seeds Of Literacy compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Seeds Of Literacy is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seeds Of Literacy located?
Seeds Of Literacy is headquartered in Cleveland, Ohio and files with the IRS under EIN 200884284. It is classified under NTEE code P40.
How many years of IRS 990 filings does Seeds Of Literacy have?
Seeds Of Literacy 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 $1.8M in total revenue.
Is Seeds Of Literacy a good charity?
Yes, based on the available IRS 990 data, Seeds Of Literacy appears to be a very good charity. They demonstrate strong financial health, efficient spending with a high program focus, and excellent transparency, including no reported officer compensation.
How has Seeds Of Literacy's revenue grown over time?
Seeds Of Literacy has shown consistent revenue growth, increasing from $534,345 in 2014 to $1,723,837 in 2023, representing a significant increase in financial support over the decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 13 available IRS 990 filings, indicating a policy of not paying salaries to its officers, which is a rare and strong indicator of mission-first resource allocation.
Filing History
IRS 990 filing history for Seeds Of Literacy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seeds Of Literacy's revenue has grown by 437.9%, moving from $320K to $1.7M. Total assets increased by 853% over the same period, from $128K to $1.2M. Total functional expenses rose by 402.8%, from $343K to $1.7M. In its most recent filing year (2023), Seeds Of Literacy reported a deficit of $448, with expenses exceeding revenue. The organization holds $79K in liabilities against $1.2M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $1.2M | $79K | — | — |
| 2022 | $1.4M | $1.4M | $1.2M | $64K | — | View 990 |
| 2021 | $1.2M | $931K | $1.3M | $185K | — | View 990 |
| 2020 | $1.2M | $1.1M | $1.0M | $167K | — | View 990 |
| 2019 | $1.1M | $1.1M | $803K | $44K | — | View 990 |
| 2018 | $1.2M | $1.0M | $769K | $29K | — | View 990 |
| 2017 | $910K | $808K | $546K | $40K | — | View 990 |
| 2016 | $663K | $684K | $439K | $35K | — | View 990 |
| 2015 | $770K | $604K | $459K | $35K | — | View 990 |
| 2014 | $534K | $499K | $285K | $27K | — | View 990 |
| 2013 | $614K | $425K | $333K | $111K | — | View 990 |
| 2012 | $305K | $356K | $168K | $135K | — | View 990 |
| 2011 | $320K | $343K | $128K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $1.2M (revenue +24.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue +14.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $931K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +7.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $803K (revenue -10.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $769K (revenue +32.9% year-over-year).
- 2017: Revenue of $910K, expenses of $808K, and assets of $546K (revenue +37.1% year-over-year).
- 2016: Revenue of $663K, expenses of $684K, and assets of $439K (revenue -13.9% year-over-year).
- 2015: Revenue of $770K, expenses of $604K, and assets of $459K (revenue +44.2% year-over-year).
- 2014: Revenue of $534K, expenses of $499K, and assets of $285K (revenue -13.0% year-over-year).
- 2013: Revenue of $614K, expenses of $425K, and assets of $333K (revenue +101.0% year-over-year).
- 2012: Revenue of $305K, expenses of $356K, and assets of $168K (revenue -4.7% year-over-year).
- 2011: Revenue of $320K, expenses of $343K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeds Of Literacy:
Data Sources and Methodology
This transparency report for Seeds Of Literacy 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.