Sparkwheel Inc

Analysis

Sparkwheel Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2023, Sparkwheel Inc reported income of $6.7m and spending of $8.4m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sparkwheel Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include City Neighbors High School ($6.7m), Parents and Friends of Hancock Inc ($6.7m) and Urban Act Academy ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $408k (4.9% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $5.1m against liabilities of $398k, net assets of $4.7m. It reported 114 employees.