Safe Harbor Medical Inc

Analysis

Safe Harbor Medical Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safe Harbor Medical Inc reported income of $659k and spending of $597k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $331k to $659k (+99%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Safe Harbor Medical Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within NV. Charities of a similar size with the same main cause include Steps to New Freedom ($659k), Information & Referral of Fairfield County ($659k) and Free Range Psychiatry Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $211k (35% of expenses). Other salaries and wages came to $157k. At year end it held assets of $74k against liabilities of $12k, net assets of $61k. It reported 13 employees.