Fort Worth Sparc

Analysis

Fort Worth Sparc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 2014, 12 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, Fort Worth Sparc reported income of $437k and spending of $473k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $573k to $437k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Worth Sparc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Read to Me Project ($437k), Kosciusko Chamber of Commerce Foundation Inc ($437k) and VPHS Gridiron Booster Club ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). At year end it held assets of $84k against liabilities of $0, net assets of $84k. It reported 1 employees.