Sponsor 4 Success Inc

Analysis

Sponsor 4 Success Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2017, 9 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, Sponsor 4 Success Inc reported income of $590k and spending of $454k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $337k to $590k (+75%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sponsor 4 Success Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Niobrara Senior Center Incorporated ($590k), Clothed by Faith Inc ($590k) and Harlan County Committee on Aging Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $867k against liabilities of $22k, net assets of $845k.