Sprout Urban Farms Inc

Analysis

Sprout Urban Farms Inc is a registered charity in United States, based in Battle Creek, MI. It received its IRS tax-exemption ruling in August 2012, 14 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 Urban Farms Inc reported income of $1.8m and spending of $644k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $1.8m (+1451%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sprout Urban Farms Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Teens for Food Justice Inc ($1.8m), Housing Consultants Group ($1.8m) and Independent Living Center-Homer ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $51k (8.0% of expenses). Other salaries and wages came to $190k. At year end it held assets of $1.6m against liabilities of $73k, net assets of $1.6m. It reported 9 employees.