Sparks for Success

Analysis

Sparks for Success is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sparks for Success reported income of $76k and spending of $65k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $76k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sparks for Success sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Pennsylvania Chautauqua Foundation ($76k), Christian School of Performing Arts ($76k) and Historic Port Royal Foundation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $2,219, net assets of $53k.