Lorain County Safe Harbor Corp

Analysis

Lorain County Safe Harbor Corp is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover human services, 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 June 2024, Lorain County Safe Harbor Corp reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $945k to $1.9m (+96%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 60%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lorain County Safe Harbor Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include People Care International ($1.9m), Urban League of Eastern Massachusetts Inc ($1.9m) and 1889 Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $84k (5.6% of expenses). Other salaries and wages came to $794k. At year end it held assets of $1.7m against liabilities of $20k, net assets of $1.7m. It reported 50 employees.