Spring Research Innovation Network Group

Analysis

Spring Research Innovation Network Group is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spring Research Innovation Network Group reported income of $128k and spending of $176k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $359k to $128k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring Research Innovation Network Group sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Monett Community Outreach ($128k), Helens Place for Personal Care ($128k) and Pregnancy Crisis Center Inc ($128k).

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 $128k (72% of expenses). At year end it held assets of $139k against liabilities of $0, net assets of $139k.