Sourcepoint

Analysis

Sourcepoint is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover human services, 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, Sourcepoint reported income of $13.4m and spending of $13.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $13.4m (+17%), an average of +4.0% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sourcepoint sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Amarillo Multiservice Center for the Aging Inc ($13.4m), Child Start Inc ($13.4m) and Kidron Bethel Retirement Services Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $367k (2.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $16.3m against liabilities of $1.1m, net assets of $15.2m. It reported 136 employees.