Sparks Way Commons Inc

Analysis

Sparks Way Commons Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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 2022, Sparks Way Commons Inc reported income of $3.0m and spending of $801k, leaving 74% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $442k to $3.0m (+586%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 639%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sparks Way Commons 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Marc Childrens Services ($3.0m), Startout ($3.0m) and The Mardan Foundation of Educational Therapy Inc ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 11% of the total. At year end it held assets of $31k against liabilities of $59k, net assets of -$28k.