Sparc Inc

Analysis

Sparc Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sparc Inc reported income of $248k and spending of $296k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $243k to $248k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sparc Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include P E O Chapter House ($248k), Wichita Place Senior Residences Inc ($248k) and Twelfth Step House Inc ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $151k. At year end it held assets of $160k against liabilities of $0, net assets of $160k. It reported 2 employees.