Sparc Group Cares Inc

Analysis

Sparc Group Cares Inc is a registered charity in United States, based in Lyndhurst, NJ. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Sparc Group Cares Inc reported income of $134k and spending of $92k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $134k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sparc Group Cares Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Shepherds Center of Raytown ($134k), Faith United Inc ($134k) and Madison Community Services Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $657k against liabilities of $1,625, net assets of $656k.