Springboard Center

Analysis

Springboard Center is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in April 2001, 25 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 Center reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springboard Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Bethel Lutheran Home ($6.4m), Geo-Son Child Care Services Inc ($6.4m) and Jefferson County Community Action Council Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $241k (4.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.0m against liabilities of $256k, net assets of $11.7m. It reported 82 employees.