Saveafox Corporation

Analysis

Saveafox Corporation is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in December 2017, 9 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 December 2023, Saveafox Corporation reported income of $1.3m and spending of $949k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $1.3m (+398%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 383%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saveafox Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include The Coffeyville Community College Foundation ($1.3m), New York Section of the American Urological Association Inc ($1.3m) and Audere ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $89k (9.4% of expenses). Other salaries and wages came to $152k. At year end it held assets of $1.9m against liabilities of $228k, net assets of $1.6m. It reported 8 employees.