Save Development Corporation

Analysis

Save Development Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Save Development Corporation reported income of $250k and spending of $278k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $204k to $250k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Save Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Tekton Residential ($250k), Texas Association of Hostage Negotiators ($251k) and Sunset Woods Association ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 28% of the total. Other salaries and wages came to $54k. At year end it held assets of $846k against liabilities of $166k, net assets of $680k.

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.