Safe Harbor of Hope

Analysis

Safe Harbor of Hope is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Harbor of Hope reported income of $52k and spending of $14k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $52k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Safe Harbor of Hope sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Childrens Health and Welfare Foundation Inc ($52k), Global Changers Outreach ($52k) and Pedal with Pete Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.