Community Improvement (S20) IRS Verified DX Registered 990 on File

SPARE KEY

EIN: 41-1888767 · SAINT PAUL, MN 55101-2410 · United States · FY 2023 Data

4 out of 5 68 / 100 Based on 2+ years of filings

Financial strength (30%) 73/100

Reliability (20%) 55/100

Effectiveness (25%) 87/100

Impact (25%) 55/100

Financial data: FY 2023 · Scored 9/13/2026

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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

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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Organization Details

EIN: 41-1888767
State: MN
City: SAINT PAUL
ZIP: 55101-2410
Classification: S20
Category: Community Improvement
Rating: 4★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1997
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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