Saturate

Analysis

Saturate is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saturate reported income of $445k and spending of $475k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $445k (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saturate sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Hamra Employees Reaching Out Inc ($445k), Empowering Parents Kansas City ($445k) and Zezzo House Corporation ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $210k (44% of expenses). Other salaries and wages came to $108k. At year end it held assets of $58k against liabilities of $10k, net assets of $47k. It reported 4 employees.