Springfield Library Foundation Inc

Analysis

Springfield Library Foundation Inc is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Library Foundation Inc reported income of $856k and spending of $612k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $856k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Library Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include International Society for CNS Clinical Trials and Methodology in ($856k), Briteway Inc ($857k) and Eo Atlanta Chapter Inc ($856k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $13.4m against liabilities of $6,955, net assets of $13.4m.