Friends of Sparsh Inc

Analysis

Friends of Sparsh Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in December 2018, 8 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, Friends of Sparsh Inc reported income of $122k and spending of $26k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $122k (+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 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Sparsh Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Oxford Orphanage-Masonic Home for Children at Oxford Alumni ($122k), Signal 34 Foundation Inc ($122k) and Wigs for Cancer Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.