Sourcepoint
Sourcepoint reported $15.2 million in revenue and $14.2 million in expenses for calendar year 2024. Of every $100 it spent, $88.12 went to program services, $10.99 to management and general costs and $0.89 to fundraising. Its largest source of revenue was contributions and grants: 86.4% of the total. Government grants made up 82.5%. The highest compensation it reported for one person was $235,485 (CHIEF EXECUTIVE OFFICER). 1 person received more than $100,000 in reportable compensation. Revenue rose 33% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15M- Contributions & grants (non-government)$3.89 $592K
- Government grants$82.41 $13M
- Program service revenue$9.94 $1.5M
- Investment income$3.76 $572K
Other revenue was negative: −$7,831. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.1% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.4% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 82.5% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 9.9% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $235,485 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.66% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 1 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.1 | 6.9 |
| Independent voting board members Part VI 1a–1b | 17 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSourcepoint's "in-home care program" provides services designed to help older adults live safely in their own homes with independence and dignity. We provide direct access to in-home services, as well as referrals to community resources. In-home services include adult daycare, chore services, emergency response systems, homemaker services, medical transportation, mental health counseling, nursing services, personal care, and respite care
Sourcepoint's "community programs" provide hundreds of engagement opportunities both on-site at our enrichment center, off-site throughout the county, and online. Programs include fitness, wellness, arts, learning, insurance education, falls prevention, family caregiver support, and more. In addition to the programs we directly provide, sourcepoint awards community grants each year to local organizations that provide other services to older adults
Sourcepoint's "nutrition program" provides older adults regular access to healthy foods through meals on wheels, community cafes, and farmers market vouchers for fresh foods from participating markets
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $198,014 | $0 | $37,471 | $235,485 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $92,838 | $0 | $18,467 | $111,305 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $47,962 | $0 | $508 | $48,470 |
1 people received more than $100,000 in reportable compensation from Sourcepoint (Part VII, line 2). Compensation of current officers, directors and key employees totaled $395K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5125
- Volunteers Part I, line 6731
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INTERIM HOMEMAKER Home care services | $425,406 |
| DATA TRANSPORTATION Transportation | $423,664 |
| CAREGIVER USA Home care services | $390,969 |
| RIGHT AT HOME Home care services | $314,607 |
| WILLOW BROOK CHRISTIAN VILLAGE Health care | $243,657 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Sourcepoint totaling $226 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Sourcepoint's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Sourcepoint, you can publish a response that is linked from this page.
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Of every $100 Sourcepoint spent in 2024, $88.12 went to programs. The full breakdown, from its IRS Form 990:
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- Dominican VillageAmityville, NY · revenue $15M · programs 82.3% · FY2025
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- Parkway VillageLittle Rock, AR · revenue $15M · programs 82.8% · 2024
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Questions people ask
How much of Sourcepoint's spending goes to programs?
In calendar year 2024, Sourcepoint reported that 88.1% of its $14.2 million in expenses went to program services, 11.0% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does Sourcepoint pay its top executive?
The largest total compensation Sourcepoint reported for one person in calendar year 2024 was $235,485, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Sourcepoint get its money?
Of $15.2 million in revenue in calendar year 2024, 86.4% came from contributions and grants (including 82.5% from government grants) and 9.9% from program service revenue (Form 990, Part VIII).
Is Sourcepoint a registered charity?
The IRS lists EIN 31-1354284 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512969349300126 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349325869 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313049349302101 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349314975 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349314116 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023169349304422 · read the filing
All filings for EIN 31-1354284: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.