Sparc Services

Analysis

Sparc Services is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Sparc Services reported income of $7.0m and spending of $7.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $7.0m (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sparc Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include River City Food Bank ($7.0m), Northwest Tennessee Development ($7.0m) and Community Development Finance ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $344k (4.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $17.4m against liabilities of $465k, net assets of $17.0m. It reported 316 employees.