Safe Inc of Schenectady

Analysis

Safe Inc of Schenectady is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 December 2023, Safe Inc of Schenectady reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $1.1m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Safe Inc of Schenectady sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Labor Council for Latin American Advancement ($1.1m), Progressive Individual Resources Inc ($1.1m) and Hogar Albergue de Ninos Maltratados de San German Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $59k (5.9% of expenses). Other salaries and wages came to $590k. At year end it held assets of $1.5m against liabilities of $158k, net assets of $1.3m. It reported 35 employees.