Springboard Collaborative Inc

Analysis

Springboard Collaborative Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Springboard Collaborative Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.8m to $1.6m (-14%), an average of -14% a year. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springboard Collaborative Inc 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 84th percentile, and in the 81st percentile within DE. Charities of a similar size with the same main cause include Interfaith Hospitality Network of Washtenaw County Inc ($1.6m), FSL Rural Development ($1.6m) and Cape Cod Apartments Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $504k. It paid $9,488 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 28 employees.