SPKN Corp

Analysis

SPKN Corp is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, SPKN Corp reported income of $378k and spending of $518k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $378k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, SPKN Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Minnesota United Snowmobilers Association Inc ($378k), California Pacific Conference ($378k) and Quad Cities Running Club Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.