Spark of Hope Foundation

Analysis

Spark of Hope Foundation is a registered charity in United States, based in Alpine, UT. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spark of Hope Foundation reported income of $207k and spending of $243k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $234k to $207k (-12%), an average of -12% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spark of Hope Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within UT. Charities of a similar size with the same main cause include Northwest Neighbors Network ($206k), Hilltown Village ($207k) and Team Food Pantry Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $119k against liabilities of $0, net assets of $119k.