Sparkle Foundation Inc

Analysis

Sparkle Foundation Inc is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in June 2016, 10 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, Sparkle Foundation Inc reported income of $192k and spending of $211k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $192k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sparkle Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Second Chance Network Inc ($192k), Heaven on Earth Now Inc ($192k) and Elder Care Community Council of Franklin County FL Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 265% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.