Safe Haven of Greater Waterbury Inc

Analysis

Safe Haven of Greater Waterbury Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Safe Haven of Greater Waterbury Inc reported income of $2.1m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+20%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Haven of Greater Waterbury Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Northern Colorado Kids Thrive ($2.1m), Riverside Resources Inc ($2.1m) and Safe in Hunterdon Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $200k (9.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $49k, net assets of $2.7m. It reported 38 employees.