Spark Capital

Analysis

Spark Capital is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spark Capital reported income of $1.2m and spending of $637k, leaving 48% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spark Capital sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Family Support Organization of Essex County ($1.2m), Active Social Communities Inc ($1.2m) and Citizens Against Violence Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $89k (14% of expenses). Other salaries and wages came to $255k. At year end it held assets of $4.8m against liabilities of $1.2m, net assets of $3.5m.