Springfield College

Analysis

Springfield College is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield College reported income of $154.9m and spending of $165.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $161.6m to $154.9m (-4.1%), an average of -1.0% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Maryville University of St Louis ($154.6m), Educational Corporation Mukogawa Gakuin ($155.4m) and Harvard-Westlake School ($154.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.8m (1.7% of expenses). Other salaries and wages came to $44.0m. At year end it held assets of $303.6m against liabilities of $139.1m, net assets of $164.4m. It reported 2,451 employees.