Community Improvement
(S20)
IRS Verified
DX Registered
990 on File
SPARE KEY
Financial strength (30%)
73/100
Reliability (20%)
55/100
Effectiveness (25%)
87/100
Impact (25%)
55/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Spare Key’s mission is to provide financial assistance to families with a critically ill or seriously injured family member. No matter the illness, no matter the injury, no matter the income. We help families “Bounce and Not Break” through our Help Me Bounce platform, harnessing the power of crowdfunding to connect thousands of families directly to donors. We are committed to helping families stay by their loved one’s side by relieving the stress, anxiety and financial burden that comes with a medical crisis.
Financial Overview — FY 2023
$892K
Total Revenue
$788K
Total Expenses
$716K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.6%
Fundraising Efficiency
154.8%
Operating Reserve
10.91x
Liability-to-Asset
7.5%
Revenue Diversification
122.2%
Executive Compensation
$111K
Compared with Peers
FY 2023
Compared with 5,777 similar organizations
(United States, Community Improvement, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.6% | 84.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.4% | 12.7% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
154.8% | 9.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.9 mo | 11.1 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.5% | 3.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
122.2% | 93.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-10.6% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-17.3% | 13.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.7% | 2.7% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Families supported in 2023 | 273 | $933.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $892K | $788K | $716K | 88.6% | 4 |
| 2022 | $998K | $953K | $612K | 83.7% | 7 |
| 2021 | $831K | $867K | N/A | — | 8 |
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