The Sparhawk Foundation Inc

Analysis

The Sparhawk Foundation Inc is a registered charity in United States, based in Millis, MA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Sparhawk Foundation Inc reported income of $1.9m and spending of $2.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.9m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Sparhawk Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include New Heights Schools Inc ($1.9m), Regina Coeli Academy ($1.9m) and Canopy Life International Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $41k (2.0% of expenses). Other salaries and wages came to $834k. At year end it held assets of $4.5m against liabilities of $2.2m, net assets of $2.4m. It reported 22 employees.