Effective June 1, 2025, SPARC will officially transition from operating as a fiscally sponsored project of the New Venture Fund to an independent nonprofit organization. We have successfully incorporated SPARC as a charitable nonprofit organization in Washington, DC., and have filed for our 501(c)(3) tax-exempt status. We expect that an IRS determination will take ~6-8 months; however, while we wait for final approval, SPARC can fully operate as a nonprofit organization with our tax-exempt st...
