Safespace Inc

Analysis

Safespace Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in October 1980, 46 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 June 2023, Safespace Inc reported income of $3.4m and spending of $3.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.4m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 95% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Building One Community Corp ($3.4m), Libenu ($3.4m) and Living Room Center Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.2m against liabilities of $158k, net assets of $5.0m. It reported 80 employees.