Sparkhope Automotive

Analysis

Sparkhope Automotive is a registered charity in United States, based in Federal HGTS, CO. It received its IRS tax-exemption ruling in December 2003, 23 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 December 2023, Sparkhope Automotive reported income of $1.9m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $994k to $1.9m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sparkhope Automotive sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Wiley Christian Adult Day Services Inc ($1.9m), Latino Community Center ($1.9m) and Sunshine Childrens Home ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (7.6% of expenses). Other salaries and wages came to $754k. At year end it held assets of $2.7m against liabilities of $2.2m, net assets of $578k. It reported 18 employees.