Saloc

Analysis

Saloc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Saloc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.5m to $2.0m (-86%), an average of -39% a year. The sharpest change came in the year to December 2021, when income rose by 812%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saloc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Arc of St Clair County ($2.0m), Calvert Marine Museum Society Inc ($2.0m) and Achieve Tahoe ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. At year end it held assets of $2.3m against liabilities of $460k, net assets of $1.8m.