Springfield Telescope Makers Inc

Analysis

Springfield Telescope Makers Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Springfield Telescope Makers Inc reported income of $101k and spending of $93k, spending 93% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $67k to $101k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Telescope Makers Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 28th percentile within VT. Charities of a similar size with the same main cause include Foundation for the Preservation of 108 South Jackson St Inc ($101k), Long Haul Productions Inc ($101k) and Stoughton Opera House Friends Association Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. At year end it held assets of $641k against liabilities of $0, net assets of $641k.