Coburn Place Safehaven II Inc

Analysis

Coburn Place Safehaven II Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2023, Coburn Place Safehaven II Inc reported income of $4.2m and spending of $5.6m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.2m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coburn Place Safehaven II Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Brockton Day Nursery Inc ($4.2m), Charity Navigator ($4.2m) and Newark Senior Center Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $161k (2.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $12.6m against liabilities of $320k, net assets of $12.3m. It reported 61 employees.