Springer School & Center

Analysis

Springer School & Center is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springer School & Center reported income of $12.1m and spending of $8.3m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $12.1m (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springer School & Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Aspen View Academy Inc ($12.1m), Indian River State College FDN Inc ($12.1m) and Twin Peaks Charter Academy ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $477k (5.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $27.1m against liabilities of $1.3m, net assets of $25.8m. It reported 123 employees.