Springfield on the Move Inc

Analysis

Springfield on the Move Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield on the Move Inc reported income of $79k and spending of $74k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $104k to $79k (-24%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield on the Move Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 22nd percentile within VT. Charities of a similar size with the same main cause include Fatted Calf ($79k), Church & Community Assistance Program Inc ($79k) and St Arbor Community Development Inc ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $104k against liabilities of $8,033, net assets of $96k.