Sparrow Education Foundation Inc

Analysis

Sparrow Education Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Sparrow Education Foundation Inc reported income of $658k and spending of $608k, spending 92% of its income. Across the 6 years on record, from December 2015 to December 2021, income grew from $15k to $658k (+4156%), an average of +112% a year. The sharpest change came in the year to December 2016, when income rose by 544%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sparrow Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Woods Charter School Foundation Inc ($658k), Montessori Casa International ($659k) and Kidsland Day Care Center ($658k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $56k (9.2% of expenses). Other salaries and wages came to $372k. At year end it held assets of $426k against liabilities of $39k, net assets of $387k. It reported 32 employees.