Sparrows Nest Inc

Analysis

Sparrows Nest Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover human services, 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, Sparrows Nest Inc reported income of $451k and spending of $470k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $451k (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sparrows Nest Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Second Chance Outreach ($451k), Angels of Light Inc ($451k) and Raindrop Foundation San Antonio ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (7.7% of expenses). Other salaries and wages came to $11k. At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 2 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.