Spark of Hope

Analysis

Spark of Hope is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spark of Hope reported income of $311k and spending of $258k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $272k to $311k (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spark of Hope sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Reach Out for Schools ($311k), South Carolina First Steps to School Readiness Board of Trustees ($311k) and Chaya Aydel Seminary Inc ($311k).

At year end it held assets of $816k against liabilities of $0, net assets of $816k.