Spare Key

Organization Overview

Spare Key is located in St Paul, MN. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Spare Key employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spare Key is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Spare Key generated $997.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $953.1k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SPARE KEY'S MISSION IS TO PROVIDE 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPARE KEYS MISSION IS TO PROVIDE 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 ONES SIDE BY RELIEVING THE STRESS, ANXIETY AND FINANCIAL BURDEN THAT COMES WITH A MEDICAL CRISIS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$630,298
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$463,330
Noncash contributions included in lines 1a–1f $30,728
Total Revenue from Contributions, Gifts, Grants & Similar$1,093,628
Total Program Service Revenue$0
Investment income $1,025
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $19,400
Net Income from Fundraising Events -$150,867
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $997,882

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