Savecom

Analysis

Savecom is a registered charity in United States, based in Auburn, WA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Savecom reported income of $908k and spending of $313k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $908k (+209%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 374%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Savecom sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Bible Mission International ($908k), Met by Love Ministries Inc ($910k) and Emotionally Healthy Spirituality ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (9.2% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 1 employees.