Springfield Area Education Foundation

Analysis

Springfield Area Education Foundation is a registered charity in United States, based in Springfield, PA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Springfield Area Education Foundation reported income of $271k and spending of $341k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $412k to $271k (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Area Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include RHS Band Association Inc ($271k), James Bowie High School Band Booster Association ($271k) and Delaware Coalition Against Gun Violence Educational Fund ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $2.0m against liabilities of $201k, net assets of $1.8m.