No red flags identified.
AI Transparency Report
It Only Takes A Spark demonstrates strong financial health and efficiency, consistently operating with significant surpluses over the past several years. For instance, in the 202407 period, the organization reported revenues of $230,853 against expenses of $117,180, resulting in a substantial surplus that contributed to asset growth. Their assets have steadily increased from $217,681 in 201507 to over $1 million currently, indicating effective financial management and accumulation of resources. The organization also maintains zero liabilities across all reported periods, which is a strong indicator of financial stability and low risk.
The organization's spending efficiency appears robust, with expenses consistently well below revenues, allowing for asset accumulation. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a lean operation given the consistent surpluses. The absence of officer compensation further enhances their efficiency and demonstrates a commitment to directing resources towards their mission. Their consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency.