Laurens County Safe Homes Network

Analysis

Laurens County Safe Homes Network is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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, Laurens County Safe Homes Network reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $900k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurens County Safe Homes Network sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Acorn a School for Young Children ($1.1m), Bennington Public Schools Foundation ($1.1m) and East Side Soup Kitchen ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $64k (6.2% of expenses). Other salaries and wages came to $452k. At year end it held assets of $1.4m against liabilities of $27k, net assets of $1.4m. It reported 41 employees.