Sponsor Inc

Analysis

Sponsor Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in December 2015, 11 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, Sponsor Inc reported income of $1.1m and spending of $796k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $541k to $1.1m (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sponsor Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Opportunities Industrialization of Wilson Incorporated ($1.1m), The Fintech Sandbox Inc ($1.1m) and Equipment & Engine Training Council Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $369k (46% of expenses). It paid $8,518 in professional fundraising fees. At year end it held assets of $864k against liabilities of $59k, net assets of $804k. It reported 34 employees.