Sprout MN

Analysis

Sprout MN is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 MN reported income of $740k and spending of $656k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $740k (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sprout MN 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 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Marthas Vineyard Playhouse Inc ($740k), Winnebago Area Literacy Council ($740k) and United Chinese Americans ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $47k (7.2% of expenses). Other salaries and wages came to $86k. At year end it held assets of $318k against liabilities of $84k, net assets of $234k. It reported 6 employees.