Sparkjoy Foundation

Analysis

Sparkjoy Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2015, 11 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sparkjoy Foundation reported income of $7.2m and spending of $6.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.5m to $7.2m (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sparkjoy Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Minnesota Independence College and Community ($7.2m), New York City Partnership Foundation Inc ($7.2m) and Born This Way Foundation ($7.1m).

Other salaries and wages came to $103k. At year end it held assets of $67.5m against liabilities of $462, net assets of $67.5m.