Overview
What is Spark Worldwide?
Spark Worldwide is a nonprofit organization headquartered in Burleson, Texas. It operates with a mission to cater to the fundamental needs of orphans in various countries, ensuring they have shelter, food, clothing, safety, and love. Established with charitable, humanitarian, educational, and religious purposes, this organization strives to provide essential care to orphans in need, wherever their location may be. With a dedicated team of five employees, Spark Worldwide is committed to making a difference in the lives of these vulnerable children.
Official website here: www.sparkworldwide.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Spark Worldwide has received a two-star rating from Charity Navigator, with an overall score of 69%. This indicates that while the organization demonstrates strong governance practices, particularly with a fully independent board and no material diversion of assets, there are challenges in its financial management and fundraising efficiency. The organization shows a high program expense ratio of 94.48%, suggesting that a significant portion of its budget is allocated directly to its mission-related activities.
Despite the commendable accountability measures, Spark Worldwide's fundraising efficiency is notably low at $0.01, which raises concerns about its ability to maximize funds raised. Additionally, the working capital ratio of 0.14 years indicates potential liquidity issues, suggesting that the organization may struggle to meet short-term obligations. These financial metrics highlight areas where Spark Worldwide needs improvement to enhance its overall sustainability and effectiveness.
In summary, while Spark Worldwide exhibits strong governance and a commitment to its programs, the financial challenges identified could impede its growth and operational success. Stakeholders and potential donors are encouraged to consider these factors when assessing the organization's impact and viability.
This AI summary has been generated from information found on Charity Navigator.
Is Spark Worldwide legitimate?
Spark Worldwide is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spark Worldwide submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $321,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,792
For more financial information, click here
Official website here: www.sparkworldwide.org
What is the mission statement of Spark Worldwide?
Spark Worldwide is an organization dedicated to fulfilling the essential needs of orphans in various countries where it perceives a necessity. Their mission is to ensure orphans have access to basic necessities such as shelter, food, clothing, safety, and love. Operating under charitable and humanitarian purposes, Spark Worldwide works towards meeting its objectives by providing aid in these areas, as outlined in its founding documents. The organization strives to make a difference in the lives of orphans worldwide, offering them a sense of security and support.
Official website here: www.sparkworldwide.org
Who is the CEO of Spark Worldwide?
Leanna J Brewer is the Principal Officer of Spark Worldwide.
Official website here: www.sparkworldwide.org
What is the revenue of Spark Worldwide?
Spark Worldwide's revenue in 2022 was $2,504,494.
Official website here: www.sparkworldwide.org
Who are the executives of Spark Worldwide and what are their salaries?
The average compensation at Spark Worldwide during 2022 was $64,583. There are 5 employees and 20 volunteers at Spark Worldwide.
Here are 10 key members and their salaries:
- Compensation: $65,875
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $57,542
- Related: $0
- Other: $39,870
- Compensation: $76,230
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sparkworldwide.org
Where can I find the form 990 for Spark Worldwide?
Spark Worldwide's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sparkworldwide.org
Learn more at the official website: www.sparkworldwide.org
Mission Statement of Spark Worldwide
Spark Worldwide, a nonprofit organization, is dedicated to addressing the fundamental needs of orphans worldwide. Their mission is to provide these children with essentials such as shelter, food, clothing, safety, and love. If they identify a need in any country, Spark Worldwide steps in to offer aid, operating under the guidelines of charitable, humanitarian, educational, and religious purposes. Their objective is to improve the living conditions and well-being of orphaned children, striving to create a nurturing environment for their growth and development.
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Impact
July, 2024
Spark Worldwide's impact is profound and far-reaching. By providing for the basic needs of shelter, food, clothing, safety, and love to orphans in various countries, the organization is making a tangible difference in the lives of some of the most vulnerable members of society. Their efforts not only address immediate needs but also contribute to the overall well-being and development of these children. The work of Spark Worldwide exemplifies the power of compassion and the potential for positive change when individuals and communities come together to support those in need.
This information is meant to be a general summary of Spark Worldwide. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,504,494
Assets and Liabilities:
- Total Assets: $248,069
- Total Liabilities: $33,435
- Net Assets: $214,634
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Organization Details
Founding Year
2008
Phone
(817) 881-1585Principal Officer
Leanna J Brewer
Main Address
301 S Dobson St, Burleson, TX, 76028
Website
www.sparkworldwide.orgNTEE Category
Code: X20 - Religion related
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