Spring Impact Incorporated

Analysis

Spring Impact Incorporated is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Spring Impact Incorporated reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Spring Impact Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Hoi Bac Ai Phanxico Franciscan Charity Inc ($1.4m), Mercy Incorporated ($1.4m) and Shin Shin Educational Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $122k (8.3% of expenses). Other salaries and wages came to $173k. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $184k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.