Saves Inc

Analysis

Saves Inc is a registered charity in United States, based in Lewistown, MT. It received its IRS tax-exemption ruling in June 1986, 40 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 June 2023, Saves Inc reported income of $310k and spending of $281k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $283k to $310k (+9.7%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saves Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MT. Charities of a similar size with the same main cause include Seido Juku Benefit Foundation ($310k), Meeting Professionals International ($310k) and Glynn Visual Arts Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $42k (15% of expenses). Other salaries and wages came to $152k. At year end it held assets of $479k against liabilities of $1,086, net assets of $478k. It reported 15 employees.