Sparrow Foundation

Analysis

Sparrow Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1965, 61 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 June 2023, Sparrow Foundation reported income of $3.1m and spending of $1.7m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $4.6m to $3.1m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Foundation 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 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Gastroenterology & Hepatology Advanced Practice Providers Inc ($3.1m), Jackson Area Council on Alcoholism and Drug Dependency ($3.1m) and Community Health Systems Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $152k (8.9% of expenses). Other salaries and wages came to $327k. At year end it held assets of $36.3m against liabilities of $488k, net assets of $35.8m.