Project Safe Inc

Analysis

Project Safe Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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 2023, Project Safe Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+14%), an average of +3.3% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Safe 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 88th percentile within GA. Charities of a similar size with the same main cause include Martin County Convent Foundation Inc ($2.0m), Geisinger Insurance Corporation Risk Retention Group ($2.0m) and Open Arms Child Development Center ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $921k. At year end it held assets of $2.8m against liabilities of $27k, net assets of $2.8m. It reported 37 employees.