Sprocket Mural Works Inc

Analysis

Sprocket Mural Works Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 October 2023, Sprocket Mural Works Inc reported income of $171k and spending of $143k, spending 84% of its income. Across the 3 years on record, from October 2021 to October 2023, income fell from $244k to $171k (-30%), an average of -16% a year. The sharpest change came in the year to October 2023, when income rose by 743%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sprocket Mural Works Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Street Dreamz Foundation Inc ($171k), Border Financial Resources Inc ($171k) and Delta Outreach and Education Center Incorporated ($171k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3,059. At year end it held assets of $200k against liabilities of $0, net assets of $200k.