It Only Takes a Spark

Analysis

It Only Takes a Spark is a registered charity in United States, based in Milbank, SD. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, It Only Takes a Spark reported income of $231k and spending of $117k, leaving 49% of income unspent that year. Across the 3 years on record, from July 2022 to July 2024, income fell from $291k to $231k (-21%), an average of -11% a year. The sharpest change came in the year to July 2024, when income dropped by 43%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, It Only Takes a Spark sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within SD. Charities of a similar size with the same main cause include Alight Center Inc ($231k), Southwest Region Emergency Medical Services and Trauma Care Council ($231k) and Association of Medicine and Psychiatry ($231k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $838k against liabilities of $0, net assets of $838k.