Savin Rock Communities Inc

Analysis

Savin Rock Communities Inc is a registered charity in United States, based in West Haven, CT. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Savin Rock Communities Inc reported income of $4.9m and spending of $3.0m, leaving 39% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $545k to $4.9m (+796%), an average of +108% a year. The sharpest change came in the year to December 2021, when income rose by 670%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Savin Rock Communities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include New Samaritan Parkville Inc ($4.9m), Progress of Peoples Management Corp ($4.9m) and Greccio Housing Unlimited Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $668k. At year end it held assets of $21.3m against liabilities of $9.6m, net assets of $11.7m.