Sparc

Analysis

Sparc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 1954, 72 years ago. 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 June 2023, Sparc reported income of $12.8m and spending of $13.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $12.8m (+86%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sparc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Mission Interests Committee Inc ($12.8m), Make-A-Wish Foundation of Metro New York and Western New York ($12.8m) and St Anne School ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $174k (1.3% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $2.9m against liabilities of $5.0m, net assets of -$2.1m. It reported 466 employees.