Springboard Landings Inc

Analysis

Springboard Landings Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Landings Inc reported income of $286k and spending of $103k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $286k (+269%), an average of +39% a year. The sharpest change came in the year to December 2020, when income dropped by 2195%. Over the whole period it spent -31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springboard Landings Inc 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 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Volunteers of America Inc ($285k), Affordable Housing Association ($286k) and Oaklawn Apartments Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $70k. At year end it held assets of $2.7m against liabilities of $216, net assets of $2.7m. It reported 1 employees.