Savoy Memorial Foundation Inc

Analysis

Savoy Memorial Foundation Inc is a registered charity in United States, based in Mamou, LA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Savoy Memorial Foundation Inc reported income of $446k and spending of $1.7m, spending 370% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $305k to $446k (+46%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 991%. Over the whole period it spent 288% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Savoy Memorial Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Unspoken Treasure Society ($446k), My Sisters Place Inc ($446k) and The Mindcap Center Inc ($446k).

At year end it held assets of $12.7m against liabilities of $0, net assets of $12.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.