Springboardnext Inc

Analysis

Springboardnext Inc is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Springboardnext Inc reported income of $333k and spending of $700k, spending 210% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $333k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 532%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Springboardnext 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 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include The David Maus Foundation Inc ($333k), The Temagami Community Foundation ($333k) and United Way of Grays Harbor ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $237k against liabilities of $26k, net assets of $211k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.