The@spark

Analysis

The@spark is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in July 2019, 7 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 July 2023, The@spark reported income of $227k and spending of $228k, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $84k to $227k (+170%), an average of +28% a year. The sharpest change came in the year to July 2020, when income rose by 91%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The@spark sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Carrollwood Players Inc ($227k), Hudson Union Society Inc ($227k) and Minnesota Minghua Chinese School ($227k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $43k (19% of expenses). At year end it held assets of $145k against liabilities of $172k, net assets of -$27k. It reported 3 employees.

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.