Sparrow Clinical Research Institute

Analysis

Sparrow Clinical Research Institute is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Sparrow Clinical Research Institute reported income of $800k and spending of $837k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $818k to $800k (-2.1%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sparrow Clinical Research Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Joy International Exchange Student Inc ($800k), Mercy Care for the Adirondacks Inc ($800k) and Emporia Community Day Care Center Inc ($800k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $142k (17% of expenses). Other salaries and wages came to $409k. At year end it held assets of $1.1m against liabilities of $1.9m, net assets of -$823k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.