Springfield Prep Realty

Analysis

Springfield Prep Realty is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Prep Realty reported income of $1.4m and spending of $1.2m, spending 82% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $876k to $1.4m (+64%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Prep Realty sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Berks County Montessori Country Day School ($1.4m), Montessori Parents Inc ($1.4m) and Construction Industry Educational Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $38.4m against liabilities of $37.9m, net assets of $493k.