Savo Island Cooperative Homes Inc

Analysis

Savo Island Cooperative Homes Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 August 2023, Savo Island Cooperative Homes Inc reported income of $1.3m and spending of $1.7m, spending 139% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to August 2022, when income rose by 233%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Savo Island Cooperative Homes Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Peoples Solar Energy Fund ($1.3m), Faulkner County Council on Aging Inc ($1.3m) and Eduquemos Para LA Vida Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $316k. At year end it held assets of $9.3m against liabilities of $6.7m, net assets of $2.6m.