Sparkle Living Inc

Analysis

Sparkle Living Inc is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Living Inc reported income of $355k and spending of $368k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $355k (-68%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sparkle Living Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Mission Support for the Archdiocese of Tororo ($355k), Oak Health Foundation ($355k) and Bridging Cultures ($355k).

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 $9,615 (2.6% of expenses). Other salaries and wages came to $138k. At year end it held assets of $674k against liabilities of $0, net assets of $674k. It reported 10 employees.