Sprinkles of Hope Inc

Analysis

Sprinkles of Hope Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. 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, Sprinkles of Hope Inc reported income of $201k and spending of $225k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $212k to $201k (-5.2%), an average of -1.8% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sprinkles of Hope Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Dorothy Robb Perin and Harold F Poe TR Fbo the Cincinnati Symphony Orc ($201k), Servants of Christ Ministries ($201k) and Grievewell ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $33k (15% of expenses). Other salaries and wages came to $57k. At year end it held assets of $15k against liabilities of $70k, net assets of -$55k. It reported 12 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.