Saguache Works

Analysis

Saguache Works is a registered charity in United States, based in Saguache, CO. It received its IRS tax-exemption ruling in May 2013, 13 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 (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, Saguache Works reported income of $100k and spending of $102k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $61k to $100k (+65%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Saguache Works sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Latter-Day Saint Publishing and Media Association ($100k), Utah Chapter of the National Association of Corporate Directors ($100k) and Milford Enhancement Committee ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $131k against liabilities of $35k, net assets of $96k.