Springport Area Foundation for Education

Analysis

Springport Area Foundation for Education is a registered charity in United States, based in Springport, MI. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Springport Area Foundation for Education reported income of $76k and spending of $60k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $47k to $76k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Springport Area Foundation for Education sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Fundamira USA Inc ($76k), Science Foundation Arizona ($76k) and Cheboygan Communities Foundation ($75k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.2m against liabilities of $100k, net assets of $1.1m.