Safe Place Foundation

Analysis

Safe Place Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Safe Place Foundation reported income of $187k and spending of $194k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $187k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Safe Place Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within IA. Charities of a similar size with the same main cause include Housing Opportunities of Northern Delaware Inc ($187k), Morse Elderly Housing Corporation ($187k) and Casa Vida Corp ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $74k (38% of expenses). At year end it held assets of $229k against liabilities of $11k, net assets of $218k. It reported 3 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.