Savvy Ladies

Analysis

Savvy Ladies is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Savvy Ladies reported income of $581k and spending of $467k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $581k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Savvy Ladies sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Brewing Opportunities NFP ($580k), Weston County Senior Services ($581k) and Petersburg Childrens Center Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $152k (33% of expenses). Other salaries and wages came to $43k. At year end it held assets of $503k against liabilities of $22k, net assets of $482k. It reported 2 employees.