Safehome Systems Inc

Analysis

Safehome Systems Inc is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in June 1992, 34 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 June 2023, Safehome Systems Inc reported income of $504k and spending of $436k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $644k to $504k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Safehome Systems Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Help Me Housing Development Fund ($504k), Saline Community Directions Inc Nonprofit Housing Corporation ($504k) and Washington Home of Your Own ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $205k. At year end it held assets of $607k against liabilities of $27k, net assets of $580k. It reported 12 employees.