Spark Development Network Inc

Analysis

Spark Development Network Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in April 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 (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, Spark Development Network Inc reported income of $5.5m and spending of $4.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.5m (+148%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spark Development Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Yi Hwang Academy Incorporated ($5.5m), Fiorello H Laguardia Community ($5.5m) and Lead Academy ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $211k (4.6% of expenses). At year end it held assets of $2.9m against liabilities of $94k, net assets of $2.8m. It reported 3 employees.