Safe Harbor Inc

Analysis

Safe Harbor Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 1995, 31 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 December 2023, Safe Harbor Inc reported income of $5.6m and spending of $4.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.6m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Harbor Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Unity Shoppe Inc ($5.6m), Our Daily Bread of Tangipahoa ($5.6m) and Responsive Caregivers of Hawaii ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $222k (4.9% of expenses). Other salaries and wages came to $2.2m. It paid $60k in professional fundraising fees. At year end it held assets of $8.6m against liabilities of $1.4m, net assets of $7.3m. It reported 84 employees.