Safe Place of the Permian Basin

Analysis

Safe Place of the Permian Basin is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in September 1980, 46 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 December 2023, Safe Place of the Permian Basin reported income of $4.2m and spending of $2.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safe Place of the Permian Basin sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Pediplace ($4.2m), Powell Gardens Inc ($4.2m) and Lighthouse of Broward County Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $180k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $30.5m against liabilities of $118k, net assets of $30.4m. It reported 46 employees.