Sprout House Inc

Analysis

Sprout House Inc is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sprout House Inc reported income of $814k and spending of $559k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $578k to $814k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sprout House Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Community Living in Mississippi - Baddour ($814k), Little Bulldog Childcare & Learning Center Inc ($814k) and Children of the Valley ($814k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $288k. At year end it held assets of $773k against liabilities of $282k, net assets of $492k. It reported 25 employees.