Spark Preschool

Analysis

Spark Preschool is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Spark Preschool reported income of $621k and spending of $473k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $309k to $621k (+101%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spark Preschool sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Sleepy Hollow Parents Club Inc ($621k), Dv8 Kitchen Vocational Training Foundation Inc ($621k) and Penn Praxis Inc ($621k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $155k (33% of expenses). Other salaries and wages came to $227k. At year end it held assets of $405k against liabilities of $418, net assets of $404k. It reported 23 employees.