SPARC Hope
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
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.)
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 |
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.
