Safe Exit Initiative Sei Inc

Analysis

Safe Exit Initiative Sei Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safe Exit Initiative Sei Inc reported income of $4.1m and spending of $3.7m, spending 91% of its income. Across the 6 years on record, from July 2019 to December 2023, income grew from $853k to $4.1m (+382%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 629%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Exit Initiative Sei Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Degage Ministries ($4.1m), Mother Waddles Community Outreach Inc ($4.1m) and New Beginnings Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $368k (9.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.7m against liabilities of $1.6m, net assets of $2.2m. It reported 81 employees.