Safeplace

Analysis

Safeplace is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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, Safeplace reported income of $1.4m and spending of $1.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.4m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safeplace 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 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include The Oscar and Ella Wilf Campus for Senior Living Inc ($1.4m), Acadian Baptist Center ($1.4m) and Ami Inc of Washington-Greene Counties ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $74k (4.9% of expenses). Other salaries and wages came to $716k. At year end it held assets of $2.1m against liabilities of $128k, net assets of $2.0m. It reported 32 employees.