Boston Sparks Association Inc

Analysis

Boston Sparks Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boston Sparks Association Inc reported income of $598k and spending of $180k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $286k to $598k (+109%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Sparks Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Sickle Cell Disease Association of America Cent Alabama Chapter Inc ($598k), Hollywood West Tenant Action Committee ($598k) and Pascack Valley Meals on Wheels Inc ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $4,450, net assets of $1.1m.