Safe Harbor

Analysis

Safe Harbor is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Safe Harbor reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Harbor sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Lasting Impressions Visions Inc ($2.6m), Food on Foot Inc ($2.6m) and A New Leaf Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $95k (4.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $344k, net assets of $2.8m. It reported 58 employees.