Savannah Waterfront Association Ltd

Analysis

Savannah Waterfront Association Ltd is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Savannah Waterfront Association Ltd reported income of $204k and spending of $370k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $811k to $204k (-75%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 87%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Savannah Waterfront Association Ltd sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Orange County Parks Foundation ($204k), Community Wellness Council ($204k) and Quality Life Blueprint ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Other salaries and wages came to $119k. At year end it held assets of $181k against liabilities of $513k, net assets of -$332k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.