Savannah State College Foundation Inc

Analysis

Savannah State College Foundation Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 June 2023, Savannah State College Foundation Inc reported income of $8.8m and spending of $7.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $8.8m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 47%. 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, Savannah State College Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Japanese Educational Institute of New York ($8.8m), The Backstoppers Inc ($8.8m) and The American Geriatrics Society Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. At year end it held assets of $86.8m against liabilities of $85.1m, net assets of $1.8m.