Sparta Ministries Inc

Analysis

Sparta Ministries Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sparta Ministries Inc reported income of $1.0m and spending of $605k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,000 to $1.0m (+102207%), an average of +3098% a year. The sharpest change came in the year to December 2022, when income rose by 232496%. Over the whole period it spent 37% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sparta Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Likewise Worship Inc ($1.0m), Yesenia Thens Ministry ($1.0m) and The First United Presbyterian Church Foundation of Fort Dodge Io ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $111k (18% of expenses). Other salaries and wages came to $72k. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.3m. It reported 8 employees.