Friends of Springfield Preparatory Charter School Inc

Analysis

Friends of Springfield Preparatory Charter School Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Springfield Preparatory Charter School Inc reported income of $758k and spending of $438k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.2m to $758k (-66%), an average of -30% a year. The sharpest change came in the year to June 2021, when income dropped by 61%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Springfield Preparatory Charter School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Teton Valley Foundation Inc ($758k), Boxton Cares Inc ($760k) and Good Shepherd Community Health Foundation ($757k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $16.6m against liabilities of $14.7m, net assets of $1.9m.