Spark Preschool NFP Inc

Analysis

Spark Preschool NFP Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Spark Preschool NFP Inc reported income of $4.1m and spending of $3.5m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $4.1m (+156%), an average of +26% a year. The sharpest change came in the year to August 2021, when income rose by 81%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spark Preschool NFP Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Passport Academy Charter School ($4.1m), Health Occupations Students of America ($4.1m) and Near West Intergenerational School ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $54k, net assets of $1.9m. It reported 81 employees.