Safeplace Inc

Analysis

Safeplace Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 September 2023, Safeplace Inc reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.0m to $2.6m (-11%), an average of -3.0% a year. The sharpest change came in the year to September 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safeplace Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include Bright Future Foundation for Eagle County ($2.6m), Habitat for Humanity International Inc ($2.6m) and Community Assistance Council Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.3m against liabilities of $158k, net assets of $3.2m. It reported 58 employees.