Spark of Life Foundation Inc

Analysis

Spark of Life Foundation Inc is a registered charity in United States, based in Thompsons STN, TN. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2022, Spark of Life Foundation Inc reported income of $273k and spending of $229k, spending 84% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $371k to $273k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2019, when income dropped by 43%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spark of Life Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Medical Research Analytics and Informatics Alliance ($273k), Marthas Vineyard Law Enforcement Council Inc ($273k) and Achieve Counseling & Wellness ($273k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $83k (36% of expenses). Other salaries and wages came to $12k. At year end it held assets of $54k against liabilities of $2,760, net assets of $51k. It reported 2 employees.