Safe Inc

Analysis

Safe Inc is a registered charity in United States, based in Saxapahaw, NC. It received its IRS tax-exemption ruling in July 2014, 12 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, Safe Inc reported income of $350k and spending of $380k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $311k to $350k (+13%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 117%. 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, Safe Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Operation St Nick Laus Inc ($350k), Eldercare Lake County ($350k) and Bacaanda Foundation Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $126k. At year end it held assets of $109k against liabilities of $0, net assets of $109k. It reported 9 employees.