Safelight Inc

Analysis

Safelight Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Safelight Inc reported income of $3.2m and spending of $2.4m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $3.2m (+73%), an average of +15% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Safelight Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Bridgeview Housing ($3.2m), JPS Foundation ($3.2m) and Davis Family Foundation ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $108k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.7m against liabilities of $952k, net assets of $4.8m. It reported 61 employees.