Sprout City Farms Inc

Analysis

Sprout City Farms Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2014, 12 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, Sprout City Farms Inc reported income of $958k and spending of $966k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $958k (+296%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sprout City Farms Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Family Promise of Greater Rochester Inc ($958k), Upstate Circle of Friends ($959k) and Senior Resource Center for Douglas County Inc ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $89k (9.2% of expenses). Other salaries and wages came to $610k. At year end it held assets of $630k against liabilities of $29k, net assets of $600k. It reported 30 employees.