Sparkforce NFP

Analysis

Sparkforce NFP is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sparkforce NFP reported income of $2.3m and spending of $897k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.3m (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sparkforce NFP sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Moravian College Housing Inc ($2.3m), Union Christian Academy Inc ($2.3m) and St Aloysius Century Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $6.7m against liabilities of $20k, net assets of $6.7m.