Savelife Foundation USA

Analysis

Savelife Foundation USA is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 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, Savelife Foundation USA reported income of $1.7m and spending of $665k, leaving 61% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $223k to $1.7m (+676%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 936%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Savelife Foundation USA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Christ Tabernacle Ministries of Excellence Inc ($1.7m), Christian Community Placement Center ($1.7m) and Sylvania Community Services Center Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $8.3m against liabilities of $5,977, net assets of $8.3m.