Springboard to Success Inc

Analysis

Springboard to Success Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 to Success Inc reported income of $771k and spending of $765k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $771k (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springboard to Success Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Samaritan House ($771k), United Way of San Antonio and Bexar County Endowment and Legacy Fund ($772k) and Arc of Pueblo Inc ($771k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.8% of the total. At year end it held assets of $2.1m against liabilities of $6,475, net assets of $2.1m.