City Sprouts Inc

Analysis

City Sprouts Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, City Sprouts Inc reported income of $742k and spending of $768k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $742k (+189%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Sprouts Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Jaycees International Foundation Inc ($742k), Insight Enterprises Inc ($743k) and Schenectady County Tourism and Convention Bureau Inc ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. Other salaries and wages came to $506k. At year end it held assets of $497k against liabilities of $48k, net assets of $449k. It reported 32 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.