Springboard to Opportunities

Analysis

Springboard to Opportunities is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in April 2013, 13 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 to Opportunities reported income of $5.6m and spending of $3.5m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $5.6m (+196%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springboard to Opportunities sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Alliance Human Services Inc ($5.6m), Healthy Harvest Food Bank Inc ($5.6m) and Alia ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $208k (5.9% of expenses). Other salaries and wages came to $520k. At year end it held assets of $17.9m against liabilities of $420k, net assets of $17.5m. It reported 16 employees.