Spring Foundation

Analysis

Spring Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Spring Foundation reported income of $237k and spending of $190k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $237k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 232%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within AR. Charities of a similar size with the same main cause include Washington Scholarship Fund Inc ($237k), Summer on the Cuyahoga ($238k) and St Edmund Campion Academy Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% of the total. Compensation of current officers, directors and key employees was $72k (38% of expenses). At year end it held assets of $245k against liabilities of $0, net assets of $245k.