Overview
What is Seed Of Abraham Ministries Inc?
Seed of Abraham Ministries Inc is a nonprofit organization that focuses on religious charitable work. They fulfill their mission primarily through prayer and worship, as well as by delving into in-depth group studies of the Bible. In addition, they offer educational opportunities for both adults and children, conducting Bible study classes. Beyond their internal activities, Seed of Abraham Ministries also extends their support to other charitable organizations by making donations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating
Seed Of Abraham Ministries Inc has received a solid Three-Star rating, reflecting an overall score of 80%. This score is derived entirely from its Accountability & Finance beacon, indicating a strong focus on financial management and transparency. The organization has achieved high marks for its independent board structure and effective governance practices, showcasing a commitment to ethical oversight.
The charity's financial health is notable, with a low liabilities to assets ratio of 11.72% and a program expense ratio of 89.89%, meaning a significant portion of its funds directly supports its programs. Additionally, it demonstrates a capacity for long-term sustainability with a working capital ratio of 1.27 years. These factors suggest that the organization is managing its resources effectively to fulfill its mission.
However, the organization faced challenges in its fundraising efficiency ratio, recording a score of $0.01. This indicates that while it is effective in delivering programs, it may need to enhance its fundraising strategies to improve overall financial sustainability. Nonetheless, the strong accountability measures in place reflect a commitment to responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Seed Of Abraham Ministries Inc legitimate?
Seed Of Abraham Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seed Of Abraham Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $656,758
For more financial information, click here
What is the mission statement of Seed Of Abraham Ministries Inc?
Seed of Abraham Ministries Inc., as a religious charitable organization, is committed to carrying out its mission through prayer and worship, as well as in-depth group studies of the Bible. They also conduct both adult and child Bible study classes. In addition to their internal activities, they extend their charitable efforts by donating to other organizations in need. Their mission overall can be summarized as promoting spiritual growth and community support through religious activities and charitable contributions.
What is the revenue of Seed Of Abraham Ministries Inc?
Seed Of Abraham Ministries Inc's revenue in 2023 was $6,083,159.
Who are the executives of Seed Of Abraham Ministries Inc and what are their salaries?
The average compensation at Seed Of Abraham Ministries Inc during 2023 was $34,566. There are 19 employees and 35 volunteers at Seed Of Abraham Ministries Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $62,508
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Seed Of Abraham Ministries Inc?
Seed Of Abraham Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Seed Of Abraham Ministries Inc
Seed of Abraham Ministries Inc is dedicated to carrying out religious charitable work. The organization achieves this mission through various means, including regular prayer and worship sessions. One of their primary activities is conducting in-depth group studies of the Bible, enabling individuals to delve deeper into religious teachings. Additionally, Seed of Abraham Ministries provides adult and child Bible study classes, offering opportunities for individuals of different age groups to expand their religious knowledge and understanding. Furthermore, the organization demonstrates its charitable nature by donating to other organizations that share similar goals. In this way, Seed of Abraham Ministries contributes to broader religious and charitable endeavors within the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Seed Of Abraham Ministries Inc's impact is evident through its dedicated efforts in engaging individuals in prayer and worship, conducting in-depth group studies of the Bible, and providing Bible study classes for adults and children. Additionally, the organization supports other charitable entities through donations, further spreading the message of faith and compassion within the community. Their activities aim to bring spiritual growth and understanding to individuals while also serving as a pillar of support for those in need.
This information is meant to be a general summary of Seed Of Abraham Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $30,883
- Program Service Revenue: $665,580
- Gross Receipts: $6,273,927
Assets and Liabilities:
- Total Assets: $4,880,224
- Total Liabilities: $572,148
- Net Assets: $4,308,076
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tours
Revenue
$665,580
Organization Details
Founding Year
2005
Principal Officer
Thomas Bradford
NTEE Category
Code: X20 - Religion related
If you are a representative of Seed Of Abraham Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.