Eugene & Jeanne Savage Scholarship Fund

Analysis

Eugene & Jeanne Savage Scholarship Fund is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eugene & Jeanne Savage Scholarship Fund reported income of $359k and spending of $293k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $359k (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 478%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eugene & Jeanne Savage Scholarship Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Two Angels Foundation Inc ($358k), Cale Community Foundation ($359k) and Water From Wine ($358k).

Compensation of current officers, directors and key employees was $13k (4.5% of expenses). At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m.