Safe Harbor Inc

Analysis

Safe Harbor Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, Safe Harbor Inc reported income of $146k and spending of $135k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $146k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Harbor Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AL. Charities of a similar size with the same main cause include Tri-County Good Samaritan Center ($146k), Young People in Action Inc ($146k) and Patriot Legacy Education Foundation ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.8% of the total. At year end it held assets of $30k against liabilities of $7,000, net assets of $23k.