Sponsor a Child in Need Corp

Analysis

Sponsor a Child in Need Corp is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Sponsor a Child in Need Corp reported income of $55k and spending of $53k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23k to $55k (+136%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sponsor a Child in Need Corp sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Joy of Hope Ministry Inc ($55k), Cruizin-4-Charity ($55k) and Breakin Bread Ministries Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $5,000, net assets of $10k.