Safeart Inc

Analysis

Safeart Inc is a registered charity in United States, based in Chelsea, VT. It received its IRS tax-exemption ruling in November 2010, 16 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, Safeart Inc reported income of $250k and spending of $232k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $215k to $250k (+16%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safeart Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 49th percentile within VT. Charities of a similar size with the same main cause include Three Feathers Associates ($250k), International Center for the Study of Violent Extremism ($250k) and Greater Phoenix Jewish Film Festival Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $105k (45% of expenses). Other salaries and wages came to $44k. At year end it held assets of $188k against liabilities of $3,585, net assets of $185k. It reported 6 employees.