Saver Life
Saver Life
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About this organization
Mission
Saverlife (formerly EARN) is a nonprofit on a mission — to inspire, inform, and reward the millions of Americans who need help saving money. Through engaging technologies and strategic partnerships, we give working people the methods and motivation to take control of their financial future. Combining innovative platforms to engage and inspire savers, big data analytics that spur insight and perspective, and collaborative ventures throughout the business sector, Saverlife works in sync to deliver meaningful and systemic change.
About
Saverlife helps low-to-moderate income individuals develop a habit of saving and lasting financial security. In 2018, Saverlife served more than a quarter million people in all 50 states. On average, savings rates increase 2.3x after joining Saverlife and successful savers set aside more than $700 in 6 months. Despite average household incomes of $30,000, Saverlife members save 11% of their income, compared to the national average of 6.5%.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Saverlife creates prosperity for working families by helping them save and invest in their futures.we work at the intersection of financial technology and economic inclusion to empower low-income americans to take charge of their financial lives. saverlife's ultimate vision is that well-informed american households will achieve financial success through proven startegies, fair public policy, and their own hard work.”.
When explaining its purpose, the activities were outlined as: “To create prosperity for working families by helping them save and invest in their futures.”.
- As per legal reporting requirements, the state of operation for the non-profit is CA.
- The non-profit's address for 2020 is listed as 235 MONTGOMERY STREET NO 1050, SAN FRANCISCO, CA, 94104 in the filing.
- As per the non-profit's form, they have 16 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $31,940.
- The organization has 11 independent voting members.
- The organization was formed in 2001.
- The organization pays $1,527,842 in salary, compensation, and benefits to its employees.
- The organization pays $384,229 in fundraising expenses.
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