Sphere Inc

Analysis

Sphere Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in August 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sphere Inc reported income of $369k and spending of $89k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $369k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sphere Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Kansas Infant Death and Sids Network Inc ($369k), The Macmillan Institute ($369k) and Burlington West Burlington Area United Way Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.1m against liabilities of $3,326, net assets of $1.1m.