Spark Academy of Advanced Technologies

Analysis

Spark Academy of Advanced Technologies is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in April 2020, 6 years ago. 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 June 2024, Spark Academy of Advanced Technologies reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $287k to $1.8m (+544%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spark Academy of Advanced Technologies sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NH. Charities of a similar size with the same main cause include Special Operators Transition Foundation Inc ($1.8m), Convergent Impact Inc ($1.8m) and National Council of Jewish Women Incorporated ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $157k (10% of expenses). Other salaries and wages came to $512k. At year end it held assets of $1.2m against liabilities of $238k, net assets of $938k. It reported 16 employees.