Safe Harbor of Grand Traverse Inc

Analysis

Safe Harbor of Grand Traverse Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in November 2014, 12 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 Harbor of Grand Traverse Inc reported income of $576k and spending of $508k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $576k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Safe Harbor of Grand Traverse Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Upward Bound Senior Villa Inc ($576k), Marthas Home Inc ($576k) and Mamou Elderly Housing Development Corporation ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $249k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.