Sprout House Inc
Sprout House Inc: Growing Revenue, Shrinking Transparency
EIN: 222702580 · Chatham, NJ · NTEE: P70Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $882K |
| Total Expenses | $559K |
| Program Spending | 70% |
| Net Assets | $492K |
| Transparency Score | 75/100 |
Is Sprout House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sprout House Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sprout House Inc
Sprout House Inc (EIN: 222702580) is a nonprofit organization based in Chatham, NJ, classified under NTEE code P70Z. The organization reported total revenue of $882K and total assets of $935K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sprout House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sprout House Inc is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $814K |
| Total Expenses | $559K |
| Surplus / Deficit | +$255K |
| Total Assets | $773K |
| Total Liabilities | $282K |
| Net Assets | $492K |
| Operating Margin | 31.4% |
| Debt-to-Asset Ratio | 36.4% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2024, Sprout House Inc reported a surplus of $255K with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 36.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Sprout House Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.6% | -14.1% | +66.7% |
| 2023 | +34.0% | +8.0% | +34.3% |
| 2022 | +101.3% | +52.0% | +20.7% |
| 2021 | -50.1% | -25.2% | -6.6% |
| 2020 | +13.0% | +4.4% | +28.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
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 Sprout House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Sprout House Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $255K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.4%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided filings, consistently showing 'c0%', which raises concerns about transparency regarding leadership salaries.
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 Sprout House Inc's IRS 990 filings:
- Consistent 'c0%' for compensation across all years in filings suggests a lack of transparency regarding executive salaries.
- Expenses frequently exceed revenue, as seen in 2022 ($602,658 expenses vs. $580,855 revenue) and 2021 ($396,356 expenses vs. $288,583 revenue), indicating potential financial instability.
- Liabilities have shown a significant increase from $101,858 in 2018 to $281,571 in 2024, warranting further investigation.
Strengths
The following positive indicators were identified for Sprout House Inc:
- Total assets have shown consistent growth, from $203,850 in 2018 to $934,748 in 2024, indicating an expanding resource base.
- Revenue has seen substantial growth over the years, from $379,625 in 2018 to $882,237 in 2024, demonstrating increasing support.
- The organization has maintained a presence for several years, suggesting a stable operational history.
Frequently Asked Questions about Sprout House Inc
Is Sprout House Inc a legitimate charity?
Sprout House Inc (EIN: 222702580) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $882K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sprout House Inc spend its money?
Sprout House Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Sprout House Inc tax-deductible?
Sprout House Inc is registered as a tax-exempt nonprofit (EIN: 222702580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sprout House Inc's spending goes to programs?
Sprout House Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Sprout House Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sprout House Inc is above average for NTEE category P70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sprout House Inc located?
Sprout House Inc is headquartered in Chatham, New Jersey and files with the IRS under EIN 222702580. It is classified under NTEE code P70Z.
How many years of IRS 990 filings does Sprout House Inc have?
Sprout House Inc has 14 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 $882K in total revenue.
What does Sprout House Inc do?
Sprout House Inc is a nonprofit organization in the Human Services sector, located in Chatham, New Jersey. It is classified under NTEE code P70Z.
How much revenue does Sprout House Inc have?
Sprout House Inc reported total revenue of $882,237. Based on 14 IRS 990 filings on record.
What are Sprout House Inc's total assets?
Sprout House Inc holds total assets of $934,748 as reported in IRS 990 filings.
Where is Sprout House Inc located?
Sprout House Inc is based in Chatham, New Jersey.
What is Sprout House Inc's EIN?
Sprout House Inc's Employer Identification Number (EIN) is 222702580. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sprout House Inc?
Sprout House Inc is classified under NTEE code P70Z (Human Services).
Is Sprout House Inc a registered 501(c)(3)?
Yes, Sprout House Inc is recognized as a tax-exempt organization by the IRS. EIN: 222702580.
Does Sprout House Inc file IRS Form 990?
Yes, Sprout House Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Sprout House Inc's revenue in 2024?
In the 202406 filing period, Sprout House Inc reported total revenue of $814,327, total expenses of $558,977, and net assets of $773,334.
Is Sprout House Inc's revenue growing or declining?
Sprout House Inc's revenue is relatively stable. Revenue went from $778,223 (202306) to $814,327 (202406), a +4.6% change. Based on 14 filings on record.
What is Sprout House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sprout House Inc covers tax period 202406. It shows revenue of $814,327, expenses of $558,977, total assets of $773,334, and liabilities of $281,571.
How much does Sprout House Inc spend on programs vs administration?
Based on IRS 990 analysis, Sprout House Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Sprout House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sprout House Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sprout House Inc?
The following concerns were identified: Consistent 'c0%' for compensation across all years in filings suggests a lack of transparency regarding executive salaries.. Expenses frequently exceed revenue, as seen in 2022 ($602,658 expenses vs. $580,855 revenue) and 2021 ($396,356 expenses vs. $288,583 revenue), indicating potential financial instability.. Liabilities have shown a significant increase from $101,858 in 2018 to $281,571 in 2024, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sprout House Inc's strengths?
Positive indicators for Sprout House Inc include: Total assets have shown consistent growth, from $203,850 in 2018 to $934,748 in 2024, indicating an expanding resource base.. Revenue has seen substantial growth over the years, from $379,625 in 2018 to $882,237 in 2024, demonstrating increasing support.. The organization has maintained a presence for several years, suggesting a stable operational history.. These findings are derived from AI analysis of the organization's financial filings.
How does Sprout House Inc compensate executives?
Executive compensation is not disclosed in the provided filings, consistently showing 'c0%', which raises concerns about transparency regarding leadership salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation disclosure, how does Sprout House Inc. manage its executive compensation, and what is the actual compensation structure for its leadership?
The provided data consistently lists 'c0%' for compensation, which means the specific executive compensation figures are not disclosed in these filings. Without further information, it's impossible to assess the actual compensation structure or amounts for leadership.
What is driving the significant increase in liabilities from $101,858 in 2018 to $281,571 in 2024, and what are the implications for the organization's financial health?
The data shows a steady rise in liabilities. Without a detailed balance sheet, it's difficult to pinpoint the exact drivers (e.g., new debt, deferred revenue). This trend could indicate increased borrowing or other financial obligations, potentially impacting long-term financial stability if not managed effectively.
Filing History
IRS 990 filing history for Sprout House Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Sprout House Inc's revenue has grown by 48.6%, moving from $548K to $814K. Total assets increased by 107.1% over the same period, from $373K to $773K. Total functional expenses rose by 16.6%, from $479K to $559K. In its most recent filing year (2024), Sprout House Inc reported a surplus of $255K, with revenue exceeding expenses. The organization holds $282K in liabilities against $773K in assets (debt-to-asset ratio: 36.4%), resulting in net assets of $492K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $814K | $559K | $773K | $282K | — | View 990 |
| 2023 | $778K | $651K | $464K | $228K | — | View 990 |
| 2022 | $581K | $603K | $345K | $236K | — | View 990 |
| 2021 | $289K | $396K | $286K | $240K | — | View 990 |
| 2020 | $578K | $530K | $306K | $153K | — | View 990 |
| 2019 | $511K | $508K | $239K | $133K | — | View 990 |
| 2018 | $380K | $421K | $204K | $102K | — | View 990 |
| 2017 | $496K | $504K | $277K | $134K | — | View 990 |
| 2016 | $467K | $522K | $273K | $123K | — | View 990 |
| 2015 | $501K | $513K | $342K | $137K | — | View 990 |
| 2014 | $519K | $518K | $364K | $146K | — | View 990 |
| 2013 | $495K | $515K | $375K | $158K | — | View 990 |
| 2012 | $543K | $511K | $391K | $154K | — | View 990 |
| 2011 | $548K | $479K | $373K | $168K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $814K, expenses of $559K, and assets of $773K (revenue +4.6% year-over-year).
- 2023: Revenue of $778K, expenses of $651K, and assets of $464K (revenue +34.0% year-over-year).
- 2022: Revenue of $581K, expenses of $603K, and assets of $345K (revenue +101.3% year-over-year).
- 2021: Revenue of $289K, expenses of $396K, and assets of $286K (revenue -50.1% year-over-year).
- 2020: Revenue of $578K, expenses of $530K, and assets of $306K (revenue +13.0% year-over-year).
- 2019: Revenue of $511K, expenses of $508K, and assets of $239K (revenue +34.7% year-over-year).
- 2018: Revenue of $380K, expenses of $421K, and assets of $204K (revenue -23.5% year-over-year).
- 2017: Revenue of $496K, expenses of $504K, and assets of $277K (revenue +6.2% year-over-year).
- 2016: Revenue of $467K, expenses of $522K, and assets of $273K (revenue -6.8% year-over-year).
- 2015: Revenue of $501K, expenses of $513K, and assets of $342K (revenue -3.5% year-over-year).
- 2014: Revenue of $519K, expenses of $518K, and assets of $364K (revenue +4.8% year-over-year).
- 2013: Revenue of $495K, expenses of $515K, and assets of $375K (revenue -8.9% year-over-year).
- 2012: Revenue of $543K, expenses of $511K, and assets of $391K (revenue -0.9% year-over-year).
- 2011: Revenue of $548K, expenses of $479K, and assets of $373K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sprout House Inc:
Data Sources and Methodology
This transparency report for Sprout House Inc 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.