Spring of Evolution Inc

Analysis

Spring of Evolution Inc is a registered charity in United States, based in Acton, CA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 of Evolution Inc reported income of $3.3m and spending of $3.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.3m (+164%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Spring of Evolution Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Clubs of Buffalo Inc ($3.3m), Wilderness Youth Project Incorporated ($3.3m) and Boys and Girls Club of El Dorado County Western Slope ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $153k (4.3% of expenses). Other salaries and wages came to $1.4m. It paid $5,000 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $2.4m, net assets of -$376k. It reported 56 employees.