Safe Harbor

Analysis

Safe Harbor is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Safe Harbor reported income of $879k and spending of $865k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $455k to $879k (+93%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safe Harbor sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within SD. Charities of a similar size with the same main cause include Grassroots Leadership Inc ($878k), East Greenwich Free Library Association ($879k) and Trinity at Home Inc ($878k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $125k (14% of expenses). Other salaries and wages came to $328k. At year end it held assets of $2.2m against liabilities of $26k, net assets of $2.1m. It reported 24 employees.