Sparrow Fund

Analysis

Sparrow Fund is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sparrow Fund reported income of $482k and spending of $322k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $482k (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Massachusetts Alliance for Sober Housing Inc ($482k), A New Generation of Hernando Inc ($482k) and Best Behavioral Health ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $135k (42% of expenses). Other salaries and wages came to $8,105. At year end it held assets of $732k against liabilities of $11k, net assets of $722k. It reported 5 employees.