Soulful Seeds
EIN: 832274868 · Reno, NV · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $449K |
| Total Expenses | $281K |
| Net Assets | $368K |
Is Soulful Seeds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soulful Seeds
Soulful Seeds (EIN: 832274868) is a nonprofit organization based in Reno, NV, classified under NTEE code C99. The organization reported total revenue of $449K and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soulful Seeds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soulful Seeds is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 59.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $281K |
| Surplus / Deficit | +$77K |
| Total Assets | $376K |
| Total Liabilities | $8K |
| Net Assets | $368K |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Soulful Seeds reported a surplus of $77K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Soulful Seeds's revenue has grown at a compound annual growth rate (CAGR) of 59.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +67.9% | +24.5% |
| 2022 | +302.8% | +288.2% | +126.6% |
| 2021 | -0.4% | -6.7% | +42.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soulful Seeds 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 Soulful Seeds 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 surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Soulful Seeds
Is Soulful Seeds a legitimate charity?
Soulful Seeds (EIN: 832274868) is a registered tax-exempt nonprofit based in Nevada. It has 4 years of IRS 990 filings on record. Total revenue: $449K. No red flags identified. Financial health grade: A.
How does Soulful Seeds spend its money?
Soulful Seeds reported $449K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Soulful Seeds tax-deductible?
Soulful Seeds is registered as a tax-exempt nonprofit (EIN: 832274868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Soulful Seeds located?
Soulful Seeds is headquartered in Reno, Nevada and files with the IRS under EIN 832274868. It is classified under NTEE code C99.
How many years of IRS 990 filings does Soulful Seeds have?
Soulful Seeds has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $449K in total revenue.
Filing History
IRS 990 filing history for Soulful Seeds showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Soulful Seeds's revenue has grown by 302.6%, moving from $89K to $358K. Total assets increased by 300.9% over the same period, from $94K to $376K. Total functional expenses rose by 508.4%, from $46K to $281K. In its most recent filing year (2023), Soulful Seeds reported a surplus of $77K, with revenue exceeding expenses. The organization holds $8K in liabilities against $376K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $368K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $281K | $376K | $8K | — | — |
| 2022 | $357K | $168K | $302K | $11K | — | View 990 |
| 2021 | $89K | $43K | $133K | $16K | — | View 990 |
| 2020 | $89K | $46K | $94K | $22K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $281K, and assets of $376K (revenue +0.4% year-over-year).
- 2022: Revenue of $357K, expenses of $168K, and assets of $302K (revenue +302.8% year-over-year).
- 2021: Revenue of $89K, expenses of $43K, and assets of $133K (revenue -0.4% year-over-year).
- 2020: Revenue of $89K, expenses of $46K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soulful Seeds:
Data Sources and Methodology
This transparency report for Soulful Seeds 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.