Spark Project Inc

Analysis

Spark Project Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spark Project Inc reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $639k to $1.2m (+93%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 102% 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 Project Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Museum of Design Atlanta Inc ($1.2m), Music Mountain Theatre Productions Inc ($1.2m) and Waterside Workshops ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $805k. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$67k.