Salvare Inc

Analysis

Salvare Inc is a registered charity in United States, based in Spring Hill, FL. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2023, Salvare Inc reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salvare Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Miami Workers Center Inc ($2.3m), Slavic Village Development ($2.3m) and Neighborhood Housing Services of Queens CDC Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.2m against liabilities of $110k, net assets of $2.1m. It reported 43 employees.