Safe Passage Inc

Analysis

Safe Passage Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in May 1992, 34 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 June 2023, Safe Passage Inc reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safe Passage Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include McKenzie Institute Inc ($2.1m), North Central Minority Supplier Dev ($2.1m) and Disability Rights Iowa ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $100k (5.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $397k, net assets of $2.5m. It reported 47 employees.