Safe Harbor

Analysis

Safe Harbor is a registered charity in United States, based in Mandeville, LA. It received its IRS tax-exemption ruling in July 1991, 35 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, Safe Harbor reported income of $977k and spending of $1.0m, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $414k to $977k (+136%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 53%. 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 sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include Core Academy ($977k), Compassionate Touch Inc ($978k) and Toys for Kids ($977k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $472k. At year end it held assets of $1.0m against liabilities of $392k, net assets of $645k. It reported 19 employees.