Safe Haven of Racine Inc

Analysis

Safe Haven of Racine Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in March 1972, 54 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 2023, Safe Haven of Racine Inc reported income of $2.1m and spending of $2.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.1m (+92%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Haven of Racine Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Respond Now Inc ($2.1m), Lassen Family Services Inc ($2.1m) and Anniecannons Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $77k (3.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $304k against liabilities of $505k, net assets of -$201k. It reported 63 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.