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The Savings Collaborative is a nonprofit organization dedicated to providing financial counseling to low-income individuals through a secure mobile app that incentivizes saving with rewards and favorable interest rates. With an operating budget of $807,000 and total revenue of $1.8 million for the filing year 2024, the organization is financially supported by multiple funders, none of which contribute 50% or more of its revenue. Through loans and educational coaching, The Savings Collaborative aims to empower individuals in their financial management and savings efforts.
Mission Statement
The Savings Collaborative helps low income people save through a secure mobile app. It pays rewards & favorable interest rates as incentives to save, issues loans at favorable interest rates, and coaches & educates about financial management.
Cause Areas
1
Financial counseling
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is The Savings Collaborative’s budget?
In 2024, The Savings Collaborative reported an annual operating budget of around $807 thousand. More detailed financial information is available to registered users.
What causes does The Savings Collaborative support?
The Savings Collaborative supports work in Financial counseling.
Where does The Savings Collaborative operate?
The Savings Collaborative is headquartered in Carbondale, CO.
Who funded The Savings Collaborative recently?
In 2025, The Savings Collaborative received grants from THE FULLERTON FAMILY CHARITABLE FUND, ASPEN COMMUNITY FOUNDATION, and THE COLORADO HEALTH FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant The Savings Collaborative received in 2024?
The largest grant to The Savings Collaborative in 2024 exceeds $200 thousand.
What is The Savings Collaborative’s reliance on government grants?
The Savings Collaborative relied on government grants for more than 5% of their total revenue in 2024.