Springtown Educational Foundation of Springtown Texas

Analysis

Springtown Educational Foundation of Springtown Texas is a registered charity in United States, based in Springtown, TX. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springtown Educational Foundation of Springtown Texas reported income of $144k and spending of $54k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $144k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springtown Educational Foundation of Springtown Texas sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Stephentown Memorial Library ($144k), Chickasaw County Council on Aging Inc ($144k) and Association for Human Achievement ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $304k against liabilities of $0, net assets of $304k.