Springfield Business Development Corporation

Analysis

Springfield Business Development Corporation is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Springfield Business Development Corporation reported income of $926k and spending of $1.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $926k (-10%), an average of -2.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springfield Business Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include Richmond Rescue Incorporated ($926k), Lake Oswego Swim Club ($926k) and Rogue Valley Soccer Club ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $1.3m against liabilities of $753k, net assets of $555k.