Careerspring Foundation

Analysis

Careerspring Foundation is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Careerspring Foundation reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $230k to $1.6m (+581%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Careerspring Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Amelia Educational Foundation ($1.6m), Care House of the Pee Dee Inc ($1.6m) and Oak Park and River Forest High School Imagine Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $274k against liabilities of $16k, net assets of $259k. It reported 14 employees.