Springfield Pride Parade

Analysis

Springfield Pride Parade is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Springfield Pride Parade reported income of $176k and spending of $163k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $215k to $176k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Springfield Pride Parade sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Oregon Horse Rescue ($175k), Safe Haven Children S Home Inc ($176k) and Pinnacle Gymnastics Booster Club ($175k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.