Safe Futures Inc

Analysis

Safe Futures Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Safe Futures Inc reported income of $2.9m and spending of $3.5m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.9m (-14%), an average of -3.6% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Futures Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include League Against AIDS Inc ($2.9m), North City Congress ($2.9m) and It Takes Philly Encouraging and Empowering Our Children to Aim Hig ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $228k (6.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.3m against liabilities of $2.8m, net assets of $3.5m. It reported 52 employees.