Spark Youth

Analysis

Spark Youth is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Spark Youth reported income of $3.0m and spending of $5.5m, spending 182% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $379k to $3.0m (+691%), an average of +51% a year. The sharpest change came in the year to August 2021, when income rose by 95%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spark Youth sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Agape Love From Above to Our Community ($3.0m), Ligonier Valley Young Mens Christian Association of Pennsylva ($3.0m) and Christian Credit Counselors Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $166k (3.0% of expenses). Other salaries and wages came to $635k. At year end it held assets of $44.6m against liabilities of $46.9m, net assets of -$2.3m. It reported 39 employees.