Springboard Cdfi

Analysis

Springboard Cdfi is a registered charity in United States, based in National City, CA. It received its IRS tax-exemption ruling in April 1982, 44 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 Cdfi reported income of $225k and spending of $402k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $225k (-88%), an average of -41% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springboard Cdfi sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Harbor Point Housing Inc ($225k), Ebenezer Lakes Senior Housing ($225k) and Peyton Manor Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $181k (45% of expenses). Other salaries and wages came to $39k. At year end it held assets of $9.6m against liabilities of $1.2m, net assets of $8.5m. It reported 2 employees.