Spark Small Business Center

Analysis

Spark Small Business Center is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2022, Spark Small Business Center reported income of $262k and spending of $172k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2020 to June 2022, income grew from $210k to $262k (+25%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spark Small Business Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Plasterers and Cement Masons Local 109 Apprenticeship Funds ($262k), Dress for Success Des Moines ($263k) and Junior League of Greenwich Conn Inc ($262k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $188k against liabilities of $0, net assets of $188k.