Springfield Workshop Foundation Inc

Analysis

Springfield Workshop Foundation Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Springfield Workshop Foundation Inc reported income of $510k and spending of $765k, spending 150% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $376k to $510k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield Workshop Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Boston Carpenters Training Center ($510k), Colorado Community Action Association ($511k) and Atlantic Avenue District Management Association Inc ($510k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $56k (7.4% of expenses). At year end it held assets of $8.3m against liabilities of $275k, net assets of $8.0m.