Sprouts Inc

Analysis

Sprouts Inc is a registered charity in United States, based in S San Fran, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Inc reported income of $741k and spending of $572k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $502k to $741k (+47%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sprouts 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 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include New York State Government Finance Officers Association Inc ($741k), Valley Christian Academy ($741k) and True Measure Collaborative ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $177k (31% of expenses). Other salaries and wages came to $229k. At year end it held assets of $512k against liabilities of $14k, net assets of $499k. It reported 8 employees.