Springs Improvement Society Inc

Analysis

Springs Improvement Society Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in March 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Springs Improvement Society Inc reported income of $69k and spending of $97k, spending 141% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $35k to $69k (+94%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 97%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springs Improvement Society Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Aga Central Ohio Chapter ($69k), Little League Baseball Inc ($69k) and Elliot Institute for Social Sciences Research ($69k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $348k against liabilities of $1,205, net assets of $346k.