Savage & Associates Foundation Inc

Analysis

Savage & Associates Foundation Inc is a registered charity in United States, based in Maumee, OH. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Savage & Associates Foundation Inc reported income of $102k and spending of $81k, leaving 20% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $73k to $102k (+39%), an average of +39% a year. The sharpest change came in the year to July 2023, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Savage & Associates Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Mbano National Assembly Inc ($102k), The Delbert and Belva Hansen Support Foundation ($102k) and Carmine & Robert Desantis Charitable Foundation Inc ($102k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $79k against liabilities of $7,475, net assets of $71k.