Springboard 2000 Enterprises Inc

Analysis

Springboard 2000 Enterprises Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2000 Enterprises Inc reported income of $1.5m and spending of $1.9m, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.6m to $1.5m (-8.3%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springboard 2000 Enterprises Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Feed the Soul Foundation ($1.5m), Network Day Service Center Inc ($1.5m) and Castro Upper Market Community Benefit District Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $364k (20% of expenses). Other salaries and wages came to $591k. At year end it held assets of $1.2m against liabilities of $253k, net assets of $919k. It reported 15 employees.