Springboard Non-Profit Consumer Credit Management Inc

Analysis

Springboard Non-Profit Consumer Credit Management Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springboard Non-Profit Consumer Credit Management Inc reported income of $9.9m and spending of $7.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.0m to $9.9m (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springboard Non-Profit Consumer Credit Management Inc 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 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Apostolic Christian Care Inc ($9.9m), Wisconsin Masonic Home Inc ($9.9m) and The Carver Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $674k (8.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $9.9m against liabilities of $3.8m, net assets of $6.1m. It reported 64 employees.