Spring Street Climate Fund Inc

Analysis

Spring Street Climate Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Spring Street Climate Fund Inc reported income of $954k and spending of $833k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $565k to $954k (+69%), an average of +69% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Spring Street Climate Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Zilker Botanical Garden Conservancy Non-Profit Corporation ($954k), Laudholm Trust ($955k) and Park County Environmental Council ($954k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (6.5% of expenses). Other salaries and wages came to $179k. At year end it held assets of $316k against liabilities of $15k, net assets of $301k. It reported 3 employees.