Ssafe Inc

Analysis

Ssafe Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Ssafe Inc reported income of $165k and spending of $244k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $165k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ssafe Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Blue Water Surrender Inc ($165k), Fondation Saint Joseph ($165k) and Angels Havens Horse Rescue Inc ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $324k against liabilities of $66k, net assets of $258k.