We Spark Inc

Analysis

We Spark Inc is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, We Spark Inc reported income of $925k and spending of $1.4m, spending 152% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $1.1m to $925k (-19%), an average of -5.2% a year. The sharpest change came in the year to January 2022, when income rose by 340%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Spark Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include United Piedmont Center for Educational Excellance Inc ($925k), Alta Vista Integrated Life Services ($925k) and Voices Against Violence ($925k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $102k (7.3% of expenses). Other salaries and wages came to $499k. At year end it held assets of $5.7m against liabilities of $1.2m, net assets of $4.4m. It reported 11 employees.