Safe Space Inc

Analysis

Safe Space Inc is a registered charity in United States, based in Louisburg, NC. It received its IRS tax-exemption ruling in April 1997, 29 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 Space Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $853k to $1.0m (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Space Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Libreria Del Pueblo Inc ($1.0m), Kansas Grazing Lands Coalition Inc ($1.0m) and Calvin Hill Day Care Center Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $75k (7.1% of expenses). Other salaries and wages came to $296k. At year end it held assets of $380k against liabilities of $174k, net assets of $207k. It reported 32 employees.