Springboard Social Enterprises

Analysis

Springboard Social Enterprises is a registered charity in United States, based in Ladera Ranch, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Social Enterprises reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $1.4m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 344%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Springboard Social Enterprises sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Community First-Americas Charities ($1.4m), Make an Impact Foundation Inc ($1.4m) and American International School of Bamako Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $405k (29% of expenses). Other salaries and wages came to $548k. At year end it held assets of $375k against liabilities of $301k, net assets of $74k. It reported 16 employees.