Springfield Project

Analysis

Springfield Project is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Springfield Project reported income of $354k and spending of $60k, leaving 83% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1,000 to $354k (+35324%), an average of +608% a year. The sharpest change came in the year to December 2020, when income rose by 3571%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield Project sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include National Assoc of Elementary School Principals Foundation ($354k), Okmulgee Area Development Corporation ($355k) and National Collaborative for Digital Equity ($354k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $18k. At year end it held assets of $372k against liabilities of $617, net assets of $371k. It reported 1 employees.