Saga Innovations

Analysis

Saga Innovations is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Saga Innovations reported income of $28.8m and spending of $27.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $28.8m (+369%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saga Innovations sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Houston Gateway Academy Inc ($28.8m), Christel House Academy Inc ($28.8m) and Leadership Public Schools Inc ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $1.0m (3.9% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $32.7m against liabilities of $1.6m, net assets of $31.1m. It reported 693 employees.