Homesafe Inc

Analysis

Homesafe Inc is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Homesafe Inc reported income of $762k and spending of $716k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $658k to $762k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Homesafe Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Kalkaal Maternity Care ($762k), New Hope Childrens Clinic ($762k) and Union Fire Co 1 ($762k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $153k (21% of expenses). Other salaries and wages came to $334k. At year end it held assets of $698k against liabilities of $62k, net assets of $636k. It reported 25 employees.