Seeds of Faith Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
WE ARE COMMITTED TO BREAKING THE CYCLE OF HOMELESSNESS AND GENERATIONAL POVERTY IN THE GREATER SEACOAST AREA, HELPING FAMILIES MOVE FROM HOPELESSNESS TO WHOLENESS.
- Income
- $482,919
- Spending
- $603,254
- Spent on programs
- 81%
- Reserves
- 2.6 months of spending
- Largest source of income
- donations and private grants, 77%
- Employees
- 16
- Volunteers
- 0
- Highest pay
- $56,000, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 56 out of 100. Higher than 25% of charities in its peer group (human services, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.6 months of spending.
Debt
16 of 20It owes 17% of what it owns.
Living within its means
0 of 15Spending exceeded income by 25% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 76 out of 100. Higher than 56% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $283,489 spent. TO HELP PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED. TO HELP AND NUTURE THOSE IN NEED. TO FEED THE HUNGRY. TO GIVE HOPE TO THE HOPELESS. TO MAKE A DIFFERENCE ONE LIFE AT A TIME.
- $76,752 spent. LYDIA'S HOUSE OF HOPE IS A UNIQUE, HIGHLY STRUCTURED, FAITH-BASED 365-DAY RESIDENTIAL PROGRAM, WHERE WOMEN COME TO CHANGE THEIR LIVES AND THE LIVES OF THEIR CHILDREN. AT THE END OF LYDIA'S PROGRAM, RESIDENTS WILL HAVE ACQUIRED AND STRENGTHENED THEIR ABILITY TO LIVE INDEPENDENTLY; TO TAKE CARE OF THEIR FAMILIES, TO REDIRECT THEIR LIVES IN A POSITIVE AND PRODUCTIVE WAY, AND TO LEARN TO GIVE BACK TO THE COMMUNITY WHICH HAD PROVIDED FOR THEM IN THEIR TIME OF NEED. PROGRAMS AND TRAINING TOPICS: JOB TRAINING SKILLS, PARENTING, COMPUTER LITERACY, COOKING, DAILY LIVING SKILLS, COMMUNICATION SKILLS, BUDGETING, 12-STEP SUPPORT AND LADAC COUNSELING. AFTER 12 MONTHS, GRADUATES OF THE PROGRAM WILL HAVE THE SKILLS TO PROPEL THEIR LIVES FORWARD AND BREAK THE CYCLE OF GENERATIONAL POVERTY AND HOMELESSNESS. GRADUATES ALSO HAVE THE OPPORTUNITY TO MOVE INTO GRACE HOUSE.
- $32,834 spent. A MULTI-FAMILY APARTMENT BUILDING FOR WOMEN AND CHILDREN WHO ARE DETERMINED TO LIVE SELF-SUFFICIENTLY AND INDEPENDENTLY, WITH CASE MANAGEMENT SUPPORT TO HELP THEM SUCCEED. GRACE HOUSE PROVIDES RESIDENTS WITH A FIRM FOUNDATION ON WHICH TO GROUND THEMSELVES, TAKE THE LESSONS LEARNED THROUGHOUT THEIR LAST YEAR AND PUT THEM INTO PRACTICE. THE NEWEST ADDITION TO THE SEEDS OF FAITH FAMILY, GRACE HOUSE, WAS PURCHASED BY A GENEROUS DONOR IN EARLY 2021 AND OPENED ITS DOORS IN OCTOBER 2021. GRACE HOUSE IS A MULTI-FAMILY APARTMENT BUILDING FOR LYDIA'S HOUSE OF HOPE GRADUATES TO PRACTICE INDEPENDENT LIVING AFTER SUCCESSFULLY COMPLETING THE PROGRAM AT LYDIA'S HOUSE.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.