Sponsors Inc

Analysis

Sponsors Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in August 1976, 50 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, Sponsors Inc reported income of $15.2m and spending of $5.0m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $15.2m (+207%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 198%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sponsors Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Disabled Citizens Alliance for Indep Inc Fiscal Agent ($15.2m), Easter Seal Society of Iowa Inc ($15.2m) and National Association of Black Accountants Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $233k (4.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $17.2m against liabilities of $627k, net assets of $16.5m. It reported 80 employees.