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CHARITY REVIEW
Issued: May 2025 Expires: May 2027

SPARC Hope

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
11921 Brinley Ave Ste 101
Louisville, KY, 40243

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

SPARC Hope meets the 20 Standards for Charity Accountability.

Stated Purpose:
Breaking the poverty cycle in single parent households through Higher Education, while receiving support, encouragement and guidance to enhance their opportunities toward independence. Empower Single Parents to become self-supportive and to achieve a better quality of life for themselves and their children.

Year, State Incorporated:
2003, KY

Ways SPARC Hope can assist

1) Life Plan Client – To be eligible for the Life Plan program, a person must be working at least 20 hours per week and attending a college, university, or trade school, at least half time. If a person meets those two requirements, they can begin the interview process. Once a person becomes a client, they will have full access to SPARC Hope's food pantry, clothing through the organization's consignment shop partnerships, access to household items, discounted car repair, and more. SPARC Hope attempts to help a client overcome any financial barriers that would prevent them from finishing their education.

2) Food Pantry Client – If a person needs food assistance, but does not qualify for SPARC Hope's life plan, the organization can assist by offering groceries once a quarter for up to one year. The person receives one bag of groceries per family member. During these four visits, SPARC Hope works to encourage them to become a life plan client, or at least let the organization assist them in ways to further their career so that they can support their family.

3) Resources – If a person does not qualify for SPARC Hope's Life Plan, Bridge, or Food Pantry, the organization provides them with a resource list of agencies that can assist them with different needs.

For the year ended December 31, 2024, SPARC Hope's program expenses were:

Program services $638,353
Total Program Expenses $638,353

Chief Executive
Laura Wingfield, Executive Director

Board Size
10

Method(s) Used:
Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.)

% of Related Contributions on Fundraising: 16.69%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on SPARC Hope's IRS Form 990 for the year ended December 31, 2024.

Source of Funds
Noncash contributions $435,104
Contributions, gifts, grants $318,999
Fundraising events $91,511
Total Income $845,614

Programs: 75% Fundraising: 16% Administrative: 9%

Total Income $845,614
Total expenses: $856,775
  Program expenses $638,353
  Fundraising expenses $141,092
  Administrative expenses $77,330
  Other expenses $0
Income in Excess of Expenses $-11,161
Beginning Net Assets $164,658
Other Changes In Net Assets $0
Ending Net Assets $153,497
Total Liabilities $37,397
Total Assets $190,894
Ending net assets as reported above are unrestricted net assets.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB serving Greater Kentucky and South Central Indiana