Springboard Gap Year Inc
EIN: 881131550 · Gt Barrington, MA · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $538K |
| Total Expenses | $214K |
| Net Assets | $30K |
Is Springboard Gap Year Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Springboard Gap Year Inc
Springboard Gap Year Inc (EIN: 881131550) is a nonprofit organization based in Gt Barrington, MA, classified under NTEE code B60. The organization reported total revenue of $538K and total assets of $126K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springboard Gap Year Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springboard Gap Year Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $214K |
| Surplus / Deficit | $-68,795 |
| Total Assets | $41K |
| Total Liabilities | $11K |
| Net Assets | $30K |
| Operating Margin | -47.4% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Springboard Gap Year Inc reported a deficit of $69K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Springboard Gap Year Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | +135.7% | -61.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Springboard Gap Year Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Springboard Gap Year Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.7%.
Frequently Asked Questions about Springboard Gap Year Inc
Is Springboard Gap Year Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Springboard Gap Year Inc (EIN: 881131550) insufficient data. 0 red flags identified, 0 strengths noted.
How does Springboard Gap Year Inc spend its money?
Detailed spending breakdown data is not yet available for Springboard Gap Year Inc. Check back for updated IRS 990 analysis.
Are donations to Springboard Gap Year Inc tax-deductible?
Springboard Gap Year Inc is registered as a tax-exempt nonprofit (EIN: 881131550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Springboard Gap Year Inc located?
Springboard Gap Year Inc is headquartered in Gt Barrington, Massachusetts and files with the IRS under EIN 881131550. It is classified under NTEE code B60.
How many years of IRS 990 filings does Springboard Gap Year Inc have?
Springboard Gap Year Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $538K in total revenue.
Filing History
IRS 990 filing history for Springboard Gap Year Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Springboard Gap Year Inc's revenue has declined by 23.7%, moving from $190K to $145K. Total assets decreased by 61.1% over the same period, from $105K to $41K. Total functional expenses rose by 135.7%, from $91K to $214K. In its most recent filing year (2023), Springboard Gap Year Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $11K in liabilities against $41K in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $214K | $41K | $11K | — | View 990 |
| 2022 | $190K | $91K | $105K | $6K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springboard Gap Year Inc:
Data Sources and Methodology
This transparency report for Springboard Gap Year Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.