Safespace Inc

Analysis

Safespace Inc is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Safespace Inc reported income of $787k and spending of $588k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $601k to $787k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safespace Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Tears Teens Empowerment Awareness with Resolutions ($787k), Fayette Cares Inc ($788k) and Haven From Domestic Violence ($787k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $69k (12% of expenses). Other salaries and wages came to $300k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.3m. It reported 13 employees.