Sparks For Success is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparks For Success is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sparks For Success generated $75.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $65.4k during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Smith Executive Director Secretary | 25 | $6,000 | |
Roshini Patrick Treasurer | 2 | $0 | |
Larry Steele Board Member | 2 | $0 | |
Jim Ebbitt President | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,735 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,920 |
| Professional fees and other payments to independent contractors | $21,573 |
| Occupancy, rent, utilities, and maintenance | $2,737 |
| Printing, publications, postage, and shipping | $3,632 |
| Other expenses | $5,542 |
| Total expenses | $65,404 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,479 |
| Other assets | $0 |
| Total assets | $55,554 |
| Total liabilities | $2,219 |
| Net assets or fund balances | $53,335 |