Springbrook Ny Inc

Analysis

Springbrook Ny Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in April 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Springbrook Ny Inc reported income of $88.3m and spending of $83.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $62.3m to $88.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springbrook Ny Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Jewish Family Service of Los Angeles ($87.8m), Covenant House ($88.3m) and Hospice of the Western Reserve Inc ($87.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $52.5m. At year end it held assets of $70.9m against liabilities of $31.9m, net assets of $38.9m. It reported 1,784 employees.