Spring Island TR

Analysis

Spring Island TR is a registered charity in United States, based in Okatie, SC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Island TR reported income of $2.0m and spending of $1.4m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Spring Island TR sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Netcentric Campaigns Inc ($2.0m), Iowa Arboretum Inc ($2.0m) and Partnership for the Umpqua Rivers ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $156k (11% of expenses). Other salaries and wages came to $550k. At year end it held assets of $8.5m against liabilities of $42k, net assets of $8.5m. It reported 9 employees.