Springboard Collaborative

Analysis

Springboard Collaborative is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Springboard Collaborative reported income of $37.3m and spending of $34.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $37.3m (+228%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springboard Collaborative sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Casa Pacifica Centers for Children and Families ($37.3m), Cicoa Aging & in Home Solutions Inc ($37.3m) and Area Office on Aging of Northwestern Ohio Inc ($37.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $809k (2.3% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $38.2m against liabilities of $2.3m, net assets of $35.9m. It reported 902 employees.