Spark Photonics Foundation Inc

Analysis

Spark Photonics Foundation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover science and technology, 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, Spark Photonics Foundation Inc reported income of $299k and spending of $293k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $303k to $299k (-1.3%), an average of -1.3% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spark Photonics Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Twin Cities Catalyst Music Inc ($299k), Bach Concert Series ($299k) and Freedom Archives ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $30k (10% of expenses). Other salaries and wages came to $195k. At year end it held assets of $149k against liabilities of $1,039, net assets of $148k. It reported 4 employees.