Springville Community and Rural Foundation Inc

Analysis

Springville Community and Rural Foundation Inc is a registered charity in United States, based in Springville, IN. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springville Community and Rural Foundation Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.4m to $2.0m (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springville Community and Rural Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Carson Scholars Fund Inc ($2.0m), Momentum Community ($2.0m) and Educated Choices Program Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $66k (3.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $724k, net assets of $1.1m. It reported 35 employees.