Spartan Innovation Building Corporation

Analysis

Spartan Innovation Building Corporation is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spartan Innovation Building Corporation reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+2.5%), an average of +0.6% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spartan Innovation Building Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Ea Young Academy ($2.0m), Miami Valley Academies ($2.0m) and Silver Oak Academy ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $23.6m against liabilities of $24.3m, net assets of -$685k.