Springboard Healthlab

Analysis

Springboard Healthlab is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Healthlab reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $249k to $1.2m (+397%), an average of +123% a year. The sharpest change came in the year to December 2022, when income rose by 498%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springboard Healthlab sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Montgomery Montessori School Inc ($1.2m), Milwaukee Turners Inc ($1.2m) and River Legacy Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $170k (14% of expenses). Other salaries and wages came to $557k. At year end it held assets of $742k against liabilities of $82k, net assets of $660k. It reported 12 employees.