Safe Harbor of NC Inc

Analysis

Safe Harbor of NC Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Safe Harbor of NC Inc reported income of $1.8m and spending of $1.4m, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.8m (+46%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Safe Harbor of NC Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Genesis Counseling Center Inc ($1.8m), 24 Foundation Inc ($1.8m) and Taconic Resources for Independence Inc ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $89k (6.2% of expenses). Other salaries and wages came to $697k. At year end it held assets of $4.6m against liabilities of $20k, net assets of $4.6m. It reported 71 employees.