Springfield Cultural Partnership Incorporated

Analysis

Springfield Cultural Partnership Incorporated is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Springfield Cultural Partnership Incorporated reported income of $245k and spending of $302k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $289k to $245k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield Cultural Partnership Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Christian Womens Job Corps of Kerr County ($245k), Regional Economic Development Corporation ($245k) and Pennsylvania State Association of County Fairs ($245k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (27% of expenses). Other salaries and wages came to $37k. At year end it held assets of $303k against liabilities of $10k, net assets of $293k. It reported 2 employees.