MISSION
Promotion of Suffolk, Virginia, with emphasis on the historic downtown area through the advancement and celebration of artistic endeavors.
DEMOGRAPHIC
ADDRESS
116 KATHERINE ST
23434
COUNTY
suffolk city county, VA
ORGANIZATIONAL OVERVIEW & RANKINGS
SPARC INITIATIVE is a based in SUFFOLK, VA, focused on Arts, Culture and Humanities causes , specifically Arts, Cultural Organizations - Multipurpose. Established in June 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,715.00, this ranks 741,897 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 19,400 out of 73,265 organizations in VA (Top 27%).
In suffolk city county, VA, the organization ranks 124 out of 771 nonprofits by assets (Top 16%), while locally in suffolk, it stands at 123 among 771 organizations (Top 16%).
The organization reported annual revenue of $4,076.00, ranking 609,677 nationally (Top 23%) and 16,883 in VA (Top 24%).
Within its specific NTEE classification (A20 - A: Arts, Culture and Humanities), which includes 16,560 similar organizations, SPARC INITIATIVE ranks 3,546 in assets (Top 22%) and 3,326 in revenue (Top 21%).
Note: This organization's tax-exempt status was temporarily revoked on November 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A20: Arts, Cultural Organizations - Multipurpose
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Tuesday, November 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
06/2019
ACCOUNTING PERIOD
06
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$4,076.00
FORM 990 REVENUE AMOUNT
$4,076.00
RULING DATE
06/2018
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$2,715.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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