Ministry Spotlight: Seed Company

Organization no longer files Form 990, net assets more than double from 2019 to 2023

Seed Company, a Bible translation ministry affiliated with Wycliffe Bible Translators, now has a Donor Confidence Score of 53, “Exercise Caution.”

Video screenshot via @Seed Company

The organization does not file a Form 990, and it has petitioned the IRS to be classified as “a church” or “association of churches.”

According to its website, Seed Company’s mission is to “accelerate the work of Bible translation by connecting local field partners around the world with investors, resources, and training.”

The Seed Company joined the ECFA in 2025, and does make its audited financials available on its website. According to its 2023 audited financial report, the organization had a revenue of $72.7 million and its expenses were $77.7 million. According to its ECFA profile, its expenses in 2024 were $102.1 million.

The organization’s net assets have also more than doubled from 2019 to 2023, growing from $28.3 million to $80.2 million.

Seed Company’s 2023 Annual Report says they engaged “973 language groups with Scripture” and “135 language communities are translating God’s Word for the very first time” during the 2023 fiscal year.

The organization did not respond to requests for comment.

MinistryWatch Donor Confidence Score: 53 (out of a possible 100) “Exercise Caution”

MinistryWatch Financial Efficiency Rating: 0 Stars (out of a possible 5 Stars)

MinistryWatch Transparency Grade: C

Revenue in Most Recent Year Available (from their 2023 audited financial report): $72,708,659

Five-Year Revenue Trend (from audited financials): Increasing (by 50%)

Percent of Revenue Seed Company Spends on Fundraising: N/A (no Form 990)

Percent Peer Group Spends on Fundraising: N/A

CEO/President: Davis Powell

President’s Salary and Other Compensation: Not available because the organization does not file a Form 990.

A complete MinistryWatch profile for Seed Company can be found here.

Find recent MinistryWatch articles mentioning Seed Company here.

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