Sprout Family Services

Analysis

Sprout Family Services is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in August 1991, 35 years ago. 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 June 2023, Sprout Family Services reported income of $971k and spending of $935k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $567k to $971k (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sprout Family Services 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 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include Roswell Dance Theatre Inc ($971k), Columbus Area Chamber Foundation Inc ($971k) and Ukiah Senior Center Inc ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $96k (10% of expenses). Other salaries and wages came to $361k. At year end it held assets of $699k against liabilities of $50k, net assets of $649k. It reported 11 employees.