Sowing Seeds Of Hope Inc
EIN: 631275573 · Marion, AL · NTEE: L25
Is Sowing Seeds Of Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sowing Seeds Of Hope Inc
Sowing Seeds Of Hope Inc (EIN: 631275573) is a nonprofit organization based in Marion, AL, classified under NTEE code L25. The organization reported total revenue of $341K and total assets of $377K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sowing Seeds Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sowing Seeds Of Hope Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -100.0% | +0.0% |
| 2022 | +6.2% | +7.4% | +31.6% |
| 2021 | +60.2% | +39.8% | +34.4% |
| 2020 | +62.3% | +4.7% | +26.2% |
| 2019 | -9.1% | +7.9% | -27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sowing Seeds Of Hope 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 Sowing Seeds Of Hope 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:
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Sowing Seeds Of Hope Inc
Is Sowing Seeds Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sowing Seeds Of Hope Inc (EIN: 631275573) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sowing Seeds Of Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Sowing Seeds Of Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Sowing Seeds Of Hope Inc tax-deductible?
Sowing Seeds Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 631275573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Sowing Seeds Of Hope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sowing Seeds Of Hope Inc's revenue has declined by 100%, moving from $369K to $0. Total assets increased by 10.5% over the same period, from $474K to $523K. Total functional expenses fell by 100%, from $320K to $0. The organization holds $10K in liabilities against $523K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $514K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $523K | $10K | — | — |
| 2022 | $502K | $379K | $523K | $10K | — | View 990 |
| 2021 | $472K | $353K | $398K | $7K | — | View 990 |
| 2020 | $295K | $252K | $296K | $25K | — | — |
| 2019 | $182K | $241K | $235K | $6K | — | View 990 |
| 2018 | $200K | $223K | $323K | $35K | — | View 990 |
| 2017 | $112K | $113K | $344K | $33K | — | View 990 |
| 2016 | $91K | $81K | $344K | $31K | — | View 990 |
| 2015 | $162K | $207K | $336K | $33K | — | View 990 |
| 2014 | $138K | $155K | $382K | $33K | — | View 990 |
| 2013 | $163K | $196K | $426K | $75K | — | View 990 |
| 2012 | $166K | $252K | $404K | $20K | — | View 990 |
| 2011 | $369K | $320K | $474K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $523K (revenue -100.0% year-over-year).
- 2022: Revenue of $502K, expenses of $379K, and assets of $523K (revenue +6.2% year-over-year).
- 2021: Revenue of $472K, expenses of $353K, and assets of $398K (revenue +60.2% year-over-year).
- 2020: Revenue of $295K, expenses of $252K, and assets of $296K (revenue +62.3% year-over-year).
- 2019: Revenue of $182K, expenses of $241K, and assets of $235K (revenue -9.1% year-over-year).
- 2018: Revenue of $200K, expenses of $223K, and assets of $323K (revenue +78.9% year-over-year).
- 2017: Revenue of $112K, expenses of $113K, and assets of $344K (revenue +22.8% year-over-year).
- 2016: Revenue of $91K, expenses of $81K, and assets of $344K (revenue -44.0% year-over-year).
- 2015: Revenue of $162K, expenses of $207K, and assets of $336K (revenue +17.6% year-over-year).
- 2014: Revenue of $138K, expenses of $155K, and assets of $382K (revenue -15.2% year-over-year).
- 2013: Revenue of $163K, expenses of $196K, and assets of $426K (revenue -2.2% year-over-year).
- 2012: Revenue of $166K, expenses of $252K, and assets of $404K (revenue -54.9% year-over-year).
- 2011: Revenue of $369K, expenses of $320K, and assets of $474K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sowing Seeds Of Hope Inc:
Data Sources and Methodology
This transparency report for Sowing 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.