Saturday Morning Initiative Inc

Analysis

Saturday Morning Initiative Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Saturday Morning Initiative Inc reported income of $249k and spending of $591k, spending 238% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $249k (-91%), an average of -45% a year. The sharpest change came in the year to December 2022, when income rose by 570%. Over the whole period it spent 130% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Saturday Morning Initiative Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Public Accountability ($249k), Finding Our Voices ($249k) and Redeeming the Family Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $240k (41% of expenses). At year end it held assets of $59k against liabilities of $0, net assets of $59k.