Spark Climate Solutions Inc

Analysis

Spark Climate Solutions Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Climate Solutions Inc reported income of $6.4m and spending of $5.2m, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $11.7m to $6.4m (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 42% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Spark Climate Solutions Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Solid Waste Association of North America Inc ($6.4m), South Carolina Waterfowl Association ($6.4m) and North Carolina Coastal Land Trust ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $573k (11% of expenses). Other salaries and wages came to $873k. At year end it held assets of $12.2m against liabilities of $1.6m, net assets of $10.6m. It reported 15 employees.