Art Sparks

Analysis

Art Sparks is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Art Sparks reported income of $278k and spending of $428k, spending 154% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $208k to $278k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Sparks sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Artaria ($278k), Art Access ($278k) and Boston Celebrations Inc ($278k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $131k (31% of expenses). Other salaries and wages came to $195k. At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 18 employees.