Sprouts of Promise Foundation

Analysis

Sprouts of Promise Foundation is a registered charity in United States, based in Marina Del Rey, CA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Sprouts of Promise Foundation reported income of $417k and spending of $458k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $259k to $417k (+61%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sprouts of Promise Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Helping Heroes of America ($417k), Craddock Center Inc ($417k) and Uttermost International ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Other salaries and wages came to $329k. At year end it held assets of $16k against liabilities of $1,420, net assets of $15k. It reported 44 employees.