Springspirit Inc

Analysis

Springspirit Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Springspirit Inc reported income of $3.9m and spending of $3.3m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $3.9m (+65%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Springspirit Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Park of East Texas Inc ($3.9m), Amateur Hockey Assoc Illinois Inc ($3.9m) and Baltimore Sports Tourism Development Council Inc ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $409k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.8m against liabilities of $403k, net assets of $9.4m. It reported 29 employees.