Sprout Nola

Analysis

Sprout Nola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2022, Sprout Nola reported income of $1.2m and spending of $599k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $320k to $1.2m (+274%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sprout Nola sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Madison Area Food Pantry Gardens ($1.2m), Fun Time Child Care Ministry Inc ($1.2m) and Plowshares Peace and Justice Center ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $103k. It paid $25k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $199k, net assets of $993k. It reported 7 employees.