Spring Educational Foundation

Analysis

Spring Educational Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Spring Educational Foundation reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $3.2m (+46%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Educational Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Penngift Foundation Inc ($3.2m), Alliance Christian School ($3.2m) and Kent School Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $396k against liabilities of $208k, net assets of $188k. It reported 89 employees.