Springfield Empowerment Zone Partnership Inc

Analysis

Springfield Empowerment Zone Partnership Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Empowerment Zone Partnership Inc reported income of $4.9m and spending of $5.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $4.9m (+270%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Empowerment Zone Partnership Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Greene Hill School ($4.9m), 82nd Street Academics ($4.9m) and Urban Corps of San Diego County Charter School ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $467k (8.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $367k, net assets of $1.1m. It reported 11 employees.