Sparc Philadelphia

Analysis

Sparc Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sparc Philadelphia reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sparc Philadelphia sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Happy Acres Childrens Home ($1.8m), Childrens Home of Wheeling ($1.8m) and Ferst Readers Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $98k (6.0% of expenses). Other salaries and wages came to $639k. At year end it held assets of $10.0m against liabilities of $4.0m, net assets of $6.0m. It reported 11 employees.