Sparta Retirement Community Inc

Analysis

Sparta Retirement Community Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sparta Retirement Community Inc reported income of $280k and spending of $366k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $278k to $280k (+0.9%), an average of +0.2% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sparta Retirement Community Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Statesville Elderly Housing Inc ($280k), St James Housing Trust Inc ($280k) and Heavenly Grace Assistant Living Facility Inc ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.5m against liabilities of $2.9m, net assets of -$1.5m. It reported 2 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.