Little Sprouts Learning Center Inc

Analysis

Little Sprouts Learning Center Inc is a registered charity in United States, based in Sleepy Eye, MN. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Sprouts Learning Center Inc reported income of $352k and spending of $349k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $207k to $352k (+70%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Sprouts Learning Center 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 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Williamsport Area School District Education Foundation ($352k), Alumni Corp and Supporters ($352k) and East Syracuse Free Library ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $226k. At year end it held assets of $65k against liabilities of $199k, net assets of -$134k. It reported 20 employees.