Safe Horizon Inc

Analysis

Safe Horizon Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1978, 48 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 Horizon Inc reported income of $94.1m and spending of $93.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $82.4m to $94.1m (+14%), an average of +3.4% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Horizon Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Helping Hand for Relief & Development Inc ($94.0m), Freestore-Foodbank Inc ($94.2m) and Visiting Nurse Service of New York Hospice ($94.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.9m (2.0% of expenses). Other salaries and wages came to $43.9m. At year end it held assets of $97.4m against liabilities of $51.9m, net assets of $45.5m. It reported 1,068 employees.