Spring Point Project

Analysis

Spring Point Project is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, Spring Point Project reported income of $3.7m and spending of $3.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spring Point Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Sarc ($3.7m), Center for Human Genetics Inc ($3.7m) and Arrow Consultation Services Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $460k (14% of expenses). Other salaries and wages came to $696k. At year end it held assets of $8.3m against liabilities of $432k, net assets of $7.8m. It reported 15 employees.