Project Safe Inc

Analysis

Project Safe Inc is a registered charity in United States, based in Shawnee, OK. It received its IRS tax-exemption ruling in February 1986, 40 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 June 2023, Project Safe Inc reported income of $1.2m and spending of $1.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $742k to $1.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 96% 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 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Miracles Counseling Center ($1.2m), Boy Scouts of America ($1.2m) and Pivot Ministries Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (6.6% of expenses). Other salaries and wages came to $649k. At year end it held assets of $1.2m against liabilities of $26k, net assets of $1.1m. It reported 22 employees.