The Springfield Public Schools Foundation

Analysis

The Springfield Public Schools Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 June 2023, The Springfield Public Schools Foundation reported income of $263k and spending of $118k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $175k to $263k (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Springfield Public Schools Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Boma Dallas Foundation ($263k), Volunteers of America Inc ($263k) and Essex County Trail Association Inc ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $871k against liabilities of $0, net assets of $871k.