Savitt Family Foundation
Savitt Family Foundation's assets have declined by over 64% in the last decade, with expenses frequently exceeding revenue.
EIN: 201603919 · Haiku, HI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $29K |
| Program Spending | 90% |
| Net Assets | $128K |
| Transparency Score | 75/100 |
Is Savitt Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Savitt Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Savitt Family Foundation
Savitt Family Foundation (EIN: 201603919) is a nonprofit organization based in Haiku, HI, classified under NTEE code T22. The organization reported total revenue of $68K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Savitt Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Savitt Family Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342 |
| Total Expenses | $29K |
| Surplus / Deficit | $-28,648 |
| Total Assets | $131K |
| Total Liabilities | $2K |
| Net Assets | $128K |
| Operating Margin | -8376.6% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 54.1 months |
Financial Health Grade: B
In 2023, Savitt Family Foundation reported a deficit of $29K with expenses exceeding revenue, holds 54.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Savitt Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.1% | +38.4% | -16.8% |
| 2022 | -61.9% | -53.8% | -5.5% |
| 2021 | +210.4% | -5.6% | -8.0% |
| 2020 | -41.3% | -3.2% | -17.4% |
| 2019 | -25.9% | -46.0% | -47.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Savitt Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Savitt Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated for their roles. This is a common practice for smaller family foundations and contributes to lower administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Savitt Family Foundation's IRS 990 filings:
- Consistent decline in asset base over the past decade, from $364,441 in 2011 to $130,685 in 2023.
- Expenses frequently exceed revenue, such as in 2023 where revenue was $342 and expenses were $28,990, indicating a reliance on existing assets.
Strengths
The following positive indicators were identified for Savitt Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for administrative salaries.
- Low liabilities, often reported as $1, suggesting a stable and uncomplicated financial structure.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about Savitt Family Foundation
Is Savitt Family Foundation a legitimate charity?
Savitt Family Foundation (EIN: 201603919) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $68K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Savitt Family Foundation spend its money?
Savitt Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Savitt Family Foundation tax-deductible?
Savitt Family Foundation is registered as a tax-exempt nonprofit (EIN: 201603919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Savitt Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Savitt Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Savitt Family Foundation located?
Savitt Family Foundation is headquartered in Haiku, Hawaii and files with the IRS under EIN 201603919. It is classified under NTEE code T22.
How many years of IRS 990 filings does Savitt Family Foundation have?
Savitt Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $68K in total revenue.
Is the Savitt Family Foundation actively making grants?
Given its NTEE code (T22 - Private Grantmaking Foundations) and the consistent decline in assets alongside reported expenses, it is highly probable that the foundation is actively making grants, which would constitute the majority of its program spending.
Why have the foundation's assets decreased so significantly?
The substantial decrease in assets from $364,441 in 2011 to $130,685 in 2023 suggests that the foundation is primarily spending down its principal through grants and operational expenses, rather than focusing on endowment growth.
What is the nature of the foundation's expenses if officer compensation is zero?
With zero officer compensation, the expenses reported (e.g., $28,990 in 2023) likely consist of grants paid to other organizations, professional fees (e.g., legal, accounting), and other general administrative costs associated with managing the foundation and its distributions.
Filing History
IRS 990 filing history for Savitt Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Savitt Family Foundation's revenue has declined by 94.5%, moving from $6K to $342. Total assets decreased by 64.1% over the same period, from $364K to $131K. Total functional expenses rose by 16.8%, from $25K to $29K. In its most recent filing year (2023), Savitt Family Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $2K in liabilities against $131K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $128K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342 | $29K | $131K | $2K | — | — |
| 2022 | $12K | $21K | $157K | $1 | — | View 990 |
| 2021 | $31K | $45K | $166K | $1 | — | View 990 |
| 2020 | $10K | $48K | $181K | $1 | — | — |
| 2019 | $17K | $50K | $219K | $1 | — | View 990 |
| 2015 | $23K | $92K | $413K | $1 | — | View 990 |
| 2014 | $111K | $42K | $476K | $0 | — | View 990 |
| 2013 | $5K | $46K | $339K | $0 | — | View 990 |
| 2012 | $7K | $31K | $352K | $0 | — | View 990 |
| 2011 | $6K | $25K | $364K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342, expenses of $29K, and assets of $131K (revenue -97.1% year-over-year).
- 2022: Revenue of $12K, expenses of $21K, and assets of $157K (revenue -61.9% year-over-year).
- 2021: Revenue of $31K, expenses of $45K, and assets of $166K (revenue +210.4% year-over-year).
- 2020: Revenue of $10K, expenses of $48K, and assets of $181K (revenue -41.3% year-over-year).
- 2019: Revenue of $17K, expenses of $50K, and assets of $219K (revenue -25.9% year-over-year).
- 2015: Revenue of $23K, expenses of $92K, and assets of $413K (revenue -79.4% year-over-year).
- 2014: Revenue of $111K, expenses of $42K, and assets of $476K (revenue +2131.8% year-over-year).
- 2013: Revenue of $5K, expenses of $46K, and assets of $339K (revenue -24.1% year-over-year).
- 2012: Revenue of $7K, expenses of $31K, and assets of $352K (revenue +5.7% year-over-year).
- 2011: Revenue of $6K, expenses of $25K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Savitt Family Foundation:
Data Sources and Methodology
This transparency report for Savitt Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.