Spark Foundation Inc

Analysis

Spark Foundation Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation Inc reported income of $103k and spending of $95k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $221k to $103k (-53%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spark Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within AR. Charities of a similar size with the same main cause include United Community Fund Inc ($103k), Greater Houston Community Foundation ($103k) and Choose Water ($103k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $11k. At year end it held assets of $128k against liabilities of $5,835, net assets of $122k. It reported 1 employees.