Sparrow Specialty Hospital
Sparrow Specialty Hospital consistently generates surpluses and significantly grows assets with no reported officer compensation on 990s.
EIN: 141885340 · Lansing, MI · NTEE: E24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.9M |
| Total Expenses | $8.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $46.2M |
| Transparency Score | 88/100 |
Is Sparrow Specialty Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sparrow Specialty Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sparrow Specialty Hospital
Sparrow Specialty Hospital (EIN: 141885340) is a nonprofit organization based in Lansing, MI, classified under NTEE code E24. The organization reported total revenue of $20.9M and total assets of $55.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sparrow Specialty Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sparrow Specialty Hospital is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $8.6M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $50.2M |
| Total Liabilities | $4.0M |
| Net Assets | $46.2M |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 69.9 months |
Financial Health Grade: A
In 2023, Sparrow Specialty Hospital reported a surplus of $1.9M with revenue exceeding expenses, holds 69.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sparrow Specialty Hospital's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.6% | -52.5% | +8.2% |
| 2022 | -1.8% | +13.5% | +1.5% |
| 2021 | +16.6% | +11.8% | +23.8% |
| 2020 | +21.1% | +3.8% | +25.1% |
| 2019 | +3.7% | +9.0% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sparrow Specialty Hospital with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sparrow Specialty Hospital allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, which is unusual for an organization of this size with over $20 million in annual revenue and $50 million in assets. This suggests that executive compensation may be handled through a related entity or that key leadership roles are voluntary, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sparrow Specialty Hospital's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which may obscure actual executive compensation if paid by a related entity.
Strengths
The following positive indicators were identified for Sparrow Specialty Hospital:
- Consistent generation of significant financial surpluses, indicating strong financial management (e.g., $23.1M revenue vs. $18.15M expenses in 202212).
- Strong and consistent asset growth over the past decade, from $16.18M in 2014 to $50.18M in 2023.
- Low liabilities relative to assets, demonstrating financial stability and low debt burden.
- Apparent operational efficiency, with expenses consistently well below revenue.
Frequently Asked Questions about Sparrow Specialty Hospital
Is Sparrow Specialty Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Sparrow Specialty Hospital (EIN: 141885340) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Sparrow Specialty Hospital spend its money?
Sparrow Specialty Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sparrow Specialty Hospital tax-deductible?
Sparrow Specialty Hospital is registered as a tax-exempt nonprofit (EIN: 141885340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sparrow Specialty Hospital CEO make?
Sparrow Specialty Hospital's highest-compensated officer earns $20 annually. The organization reported $20.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sparrow Specialty Hospital's spending goes to programs?
Sparrow Specialty Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sparrow Specialty Hospital compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Sparrow Specialty Hospital is above average for NTEE category E24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sparrow Specialty Hospital located?
Sparrow Specialty Hospital is headquartered in Lansing, Michigan and files with the IRS under EIN 141885340. It is classified under NTEE code E24.
How many years of IRS 990 filings does Sparrow Specialty Hospital have?
Sparrow Specialty Hospital has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.9M in total revenue.
Is Sparrow Specialty Hospital a good charity?
Based on the financial data, Sparrow Specialty Hospital appears to be a well-managed organization with consistent revenue generation and asset growth. Its ability to operate with significant surpluses and the absence of reported officer compensation on the 990s are positive indicators of financial health and potential efficiency. However, the lack of detailed program spending breakdown on the provided data makes a definitive 'good charity' assessment challenging without further information on impact and specific program expenditures.
How does Sparrow Specialty Hospital manage executive compensation?
The IRS 990 filings for Sparrow Specialty Hospital consistently show 0% officer compensation. This is a significant point and suggests that executive compensation is either not paid directly by this entity, is paid by a related organization, or that the leadership roles are entirely voluntary. Further inquiry would be needed to understand the full compensation structure for its executives.
What is the trend in Sparrow Specialty Hospital's assets and liabilities?
Sparrow Specialty Hospital has shown a strong upward trend in assets, growing from $16.18 million in 2014 to $50.18 million in 2023. Liabilities have remained relatively low compared to assets, fluctuating but generally staying below $4 million, indicating a healthy balance sheet and strong financial stability.
What is the organization's revenue and expense trend?
Revenue for Sparrow Specialty Hospital has generally increased over the past decade, reaching over $23 million in 2022. Expenses have consistently been lower than revenue, allowing the organization to generate significant surpluses each year, contributing to its asset growth. For example, in 202212, revenue was $23.10 million against expenses of $18.15 million.
Filing History
IRS 990 filing history for Sparrow Specialty Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sparrow Specialty Hospital's revenue has declined by 26.5%, moving from $14.3M to $10.5M. Total assets increased by 349.6% over the same period, from $11.2M to $50.2M. Total functional expenses fell by 29.2%, from $12.2M to $8.6M. In its most recent filing year (2023), Sparrow Specialty Hospital reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $50.2M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $46.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $8.6M | $50.2M | $4.0M | — | View 990 |
| 2022 | $23.1M | $18.1M | $46.4M | $3.0M | — | View 990 |
| 2021 | $23.5M | $16.0M | $45.7M | $1.9M | — | View 990 |
| 2020 | $20.2M | $14.3M | $36.9M | $884K | — | View 990 |
| 2019 | $16.7M | $13.8M | $29.5M | $626K | — | View 990 |
| 2018 | $16.1M | $12.6M | $24.8M | $728K | — | View 990 |
| 2017 | $14.8M | $12.2M | $24.7M | $1.4M | — | View 990 |
| 2016 | $16.5M | $13.4M | $21.6M | $2.1M | — | View 990 |
| 2015 | $15.8M | $13.6M | $18.9M | $2.6M | — | View 990 |
| 2014 | $14.2M | $12.2M | $16.2M | $1.6M | — | View 990 |
| 2013 | $12.4M | $11.4M | $14.2M | $1.7M | — | View 990 |
| 2012 | $13.8M | $12.4M | $12.9M | $1.7M | — | View 990 |
| 2011 | $14.3M | $12.2M | $11.2M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $8.6M, and assets of $50.2M (revenue -54.6% year-over-year).
- 2022: Revenue of $23.1M, expenses of $18.1M, and assets of $46.4M (revenue -1.8% year-over-year).
- 2021: Revenue of $23.5M, expenses of $16.0M, and assets of $45.7M (revenue +16.6% year-over-year).
- 2020: Revenue of $20.2M, expenses of $14.3M, and assets of $36.9M (revenue +21.1% year-over-year).
- 2019: Revenue of $16.7M, expenses of $13.8M, and assets of $29.5M (revenue +3.7% year-over-year).
- 2018: Revenue of $16.1M, expenses of $12.6M, and assets of $24.8M (revenue +8.7% year-over-year).
- 2017: Revenue of $14.8M, expenses of $12.2M, and assets of $24.7M (revenue -10.0% year-over-year).
- 2016: Revenue of $16.5M, expenses of $13.4M, and assets of $21.6M (revenue +3.8% year-over-year).
- 2015: Revenue of $15.8M, expenses of $13.6M, and assets of $18.9M (revenue +11.8% year-over-year).
- 2014: Revenue of $14.2M, expenses of $12.2M, and assets of $16.2M (revenue +14.4% year-over-year).
- 2013: Revenue of $12.4M, expenses of $11.4M, and assets of $14.2M (revenue -10.3% year-over-year).
- 2012: Revenue of $13.8M, expenses of $12.4M, and assets of $12.9M (revenue -3.3% year-over-year).
- 2011: Revenue of $14.3M, expenses of $12.2M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sparrow Specialty Hospital:
Data Sources and Methodology
This transparency report for Sparrow Specialty Hospital is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.