Economic Opportunity for Savannah Chatham County Area Inc

Analysis

Economic Opportunity for Savannah Chatham County Area Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 1965, 61 years ago. 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 September 2023, Economic Opportunity for Savannah Chatham County Area Inc reported income of $13.7m and spending of $13.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.1m to $13.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Opportunity for Savannah Chatham County Area Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include School and Municipal Energy Cooperative of Western New York ($13.6m), New Horizons Ranch and Center Inc ($13.7m) and Legal Aid Society of Palm Beach County Inc ($13.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (0.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $9.9m against liabilities of $3.6m, net assets of $6.2m. It reported 155 employees.