Saban Center Foundation

Analysis

Saban Center Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Saban Center Foundation reported income of $2.9m and spending of $539k, leaving 82% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $200k to $2.9m (+1360%), an average of +144% a year. The sharpest change came in the year to September 2022, when income rose by 574%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saban Center Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($2.9m), Associates of the University of Toronto Inc ($2.9m) and Nashville Electrical Jatc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $146k. At year end it held assets of $3.4m against liabilities of $4,801, net assets of $3.4m. It reported 1 employees.