Safeways Incorporated

Analysis

Safeways Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Safeways Incorporated reported income of $425k and spending of $449k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $425k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Safeways Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Neighborhood Network Alliance ($425k), Natural High ($425k) and Chestnut Hill Community Association Pa Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $187k (42% of expenses). Other salaries and wages came to $94k. At year end it held assets of $91k against liabilities of $3,189, net assets of $87k. It reported 9 employees.