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Spark Capital

EIN 84-3169340 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.

Income
$1.9 million
Spending
$684,512
Spent on programs
82%
Reserves
74.8 months of spending
Largest source of income
donations and private grants, 82%
Employees
0
Volunteers
30
Highest pay
$148,980, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 67% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 74.8 months of spending.

  • Debt

    5 of 20

    It owes 57% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 65% of income.

  • Income trend

    15 of 15

    Income rose 59% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 31% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $515,238 spent. SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS (SUCH AS HEALTHCARE AND EDUCATIONAL FACILITIES). THESE COMMUNITY DEVELOPMENT ACTIVITIES WILL BE LOCATED IN, OR SERVE TO BENEFIT, ECONOMICALLY DISADVANTAGED AREAS IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IA. THE GOAL OF ALL FINANCE PROJECTS WILL BE TO CREATE COMMUNITY BENENFIT FOR THE TARGETED ECONOMICALLY DISADVANTAGED AREA, SUCH AS THROUGH FORMATION OF NEW BUSINESSES, JOB CREATION AND ACCESS TO AFFORDABLE HOUSING FOR RESIDENTS, OR THE FACILITATION OF POPULATION GROWTH.
  2. $45,595 spent. EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED COMMUNITIES BY PROVIDING HOUSING AND AMENITIES FOR LOW- AND MODERATE-INCOME POPULATIONS. THROUGH SPARK CAPITAL'S PROVISION OF TECHNICAL ASSISTANCE, RECIPIENT INDIVIDUALS AND ORGANIZATIONS WILL BE BETTER EQUIPPED TO FORM COMMUNITY DEVELOPMENT PROJECTS IN THE TARGETED ECONOMICALLY DISADVANTAGED AREAS, RESULTING IN COMMUNITY BENEFIT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2022 for not filing returns for three years, and reinstated on May 15, 2022.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.