Safe Foundation Inc

Analysis

Safe Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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 Foundation Inc reported income of $5.4m and spending of $3.7m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.4m (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safe Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Jackson Hole Historical Society and Museum ($5.4m), Our Common Ground Inc ($5.4m) and Threshold Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $595k (16% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.8m against liabilities of $194k, net assets of $5.6m. It reported 26 employees.