Spring Initiative Inc

Analysis

Spring Initiative Inc is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Spring Initiative Inc reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $695k to $1.5m (+111%), an average of +21% a year. The sharpest change came in the year to July 2020, when income rose by 92%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Initiative Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MS. Charities of a similar size with the same main cause include Pennsylvania Academy of Family Physicians Foundation ($1.5m), Ohr Hachinuch Inc ($1.5m) and Faith Educational Ministries Inc ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $893k. At year end it held assets of $746k against liabilities of $8,250, net assets of $737k. It reported 29 employees.