Springfield School Volunteers Inc

Analysis

Springfield School Volunteers Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Springfield School Volunteers Inc reported income of $528k and spending of $439k, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $551k to $528k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to August 2021, when income dropped by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield School Volunteers Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include LA Petite Ecole ($527k), White Mountain Tuition Support Foundation Inc ($528k) and National Association of Geoscience Teachers ($527k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $94k (21% of expenses). Other salaries and wages came to $217k. At year end it held assets of $622k against liabilities of $112k, net assets of $510k. It reported 5 employees.